v ST. JOHNSBURY PROJECT SUMMARY The St. Johnsbury School and the Town of St. Johnsbury entered into a 25-year agreement to purchase the Net Metering Credits that the Norwich Solar Technologies solar photovoltaic (PV) project produces at a discounted rate. Those Net Metering Credits are applied to the Town's various Green Mountain Power accounts, and the discounted price of the credits saves the Town approximately $325,000 over the term of the agreement. There is also property tax revenue assessed on solar projects that the Town collects, which will result in an estimated additional $125,000 in revenue to the Town over the life of the project. The savings from discounted Net Metering Credits, plus lease payments and tax revenues, will result in a combined benefit

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