PSNH, city OK light deal
The city, however, would have to issue a $3.7 million bond for the upfront cost of buying and installing LEDs for its nearly 9,000 street lights. Taking into account the debt service on the bond, Gatsas said the net savings for the city would be about $300,000 a year.
“We’re going to be in charge of the fixtures,” he said. “And we’re going to make sure we get a good warranty for the light fixtures.”
The PUC still must sign off on the agreement between the city and PSNH, which is expected to occur at its meeting next month.
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