Title
Green Source Advantage Express Service Agreement
Action
ACTION:
Authorize the County Manager to negotiate and execute the Green Source Advantage Express service agreement with Duke Energy
Staff Contact: Erin Stanforth, Sustainability and Resiliency Manager
Presentation: No
BACKGROUND/JUSTIFICATION:
At the FY2027 Annual Board Retreat, County Commissioners received information on the sources of the County carbon footprint and the projected reductions from strategic initiatives such deep energy retrofit projects, solar panel installations and transitioning fleet to electric vehicles. In addition, it was shared that the County has opportunity to further reduce the carbon footprint through participation in Duke Energy's Green Source Advantage Express program.
Duke Energy's Green Source Advantage Express is a competitive program that provides large business customers and opportunity to apply for a renewable energy subscription that can offset a percentage of annual electric usage. The County applied to the program during open enrollment and was allocated 7.11 megawatts which equates to a 10% offset or reduction of the County's overall carbon footprint.
The cost for the County to participate in the program is $70,000 annually over 25 years. The funding will be absorbed from savings realized from both implemented and future energy saving projects (i.e., solar panels and retrofits). The agreement can be terminated at any time during the period.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
Funding is available in Asset and Facility Management's operational budget