BLOOMINGTON, Ind. (AP) — A nearly $1 million project to equip Bloomington City Hall and other buildings with solar panels has cleared its first hurdle.
The Herald-Times reports the city now has available funding thanks to a $48 million tax increment financing bond issue approved earlier this year. The Bloomington Redevelopment Commission last week approved the concept for the solar project as an appropriate use of funds from the bond issue, starting it down the road to fruition.
The commission hasn’t yet officially approved funds for the project with an estimated cost of $921,750.
The estimated timeline to complete the Bloomington project is two years. City sustainability coordinator Jacqui Bauer says a conservative estimate would see the city saving about $10,000 a year for $200,000 worth of solar panels on City Hall alone.