LONGVIEW, Texas (KETK) - Longview ISD has announce a new $12.7 million project that will install solar panels at 10 buildings across the district, potentially saving taxpayers $18.6 million.
The project is a partnership with Schneider Electric that's been funded by the district's 2024 school bond. The planned 4.2 megawatts of rooftop and ground-mounted solar panels are expected to be completed by early 2026 and could save the district around $451,000 in utility costs every year.
The district also plans to receive $4.7 million reimbursement in the form of a federal Investment Tax Credit, which would only increase the project's financial benefit.
“This project not only offers a way to offset future utility cost escalations, but also plays a pivotal role in ensuring the success of our 2024