Albuquerque City Buildings Going Solar, Saving Millions

The city of Albuquerque is financing $25M in solar panels through energy savings and federal bond credits. City buildings going solar will save taxpayers $20M over 30 years.

ALBUQUERQUE, N.M. — New Mexico’s most populous city has plans to install more than $25 million in solar panels on city buildings over the next two years.

The installations in Albuquerque will mark the first phase in fulfilling a recently set goal of generating more of the city’s energy from solar power.

Albuquerque City Councilors Pat Davis and Isaac Benton made the announcement Saturday.

They say the project’s first phase of the project is expected to save taxpayers about $20 million over 30 years.

City councilors last September passed a resolution calling Albuquerque to generate one quarter of its energy from solar power by 2025.

The first phase of the project will begin later this year.

The project will be financed through the energy savings and federal bond credits.

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