THE TOWN OF DERRY IS PARTNERING WITH ENCORE RENEWABLE ENERGY OF BURLINGTON, VERMONT WHO WILL INSTALL SEVERAL THOUSAND SOLAR PANELS ON A MUNICIPALLY OWNED CAPPED SOLID WASTE LANDFILL. THE SOLAR PANELS WOULD PRODUCE APPROXIMATELY 3.8 MILLION KWH OF ELECTRICITY ANNUALLY FOR USE IN OTHER MUNICIPAL BUILDINGS INCLUDING THE ADJACENT 3 MILLION GALLONS PER DAY WASTEWATER TREATMENT FACILITY. EXCESS GENERATION WILL BE EXPORTED TO THE GRID FOR NET METERING CREDITS. THE TOWN OF DERRY HAS ENTERED INTO AN AGREEMENT WITH ENCORE RENEWABLE ENERGY OF BURLINGTON, VERMONT WHO WILL BE GRANTED A LAND LEASE TO SELL PRODUCED ELECTRICITY TO THE TOWN OF DERRY AT A FIXED RATE OF 6.8 CENTS PER KWH FOR A 25-YEAR PERIOD. THE TOWN OF DERRY WILL NOT OWN THE SOLAR PANELS BUT NEARLY 30 TOWN-MANAGED FACILITIES WILL RECEIVE BELOW MARKET ELECTRICITY RATES FOR THE DURATION OF THE CONTRACT.