A multi-million dollar solar project is finished on Evansville’s north side and the Evansville Vanderburgh School Corporation is looking at long-term savings.

The school system has a solar field at the Southern Indiana Career and Technical Center and Plaza Park.

Superintendent Dr. David Smith said EVSC will get the biggest benefit with new net metering now in effect.

Net metering allows solar users to get a credit on their bill for putting excess energy back on the power grid.

The project cost the EVSC $3.4 million.

“We’re going to spend $3.4 million anyway on the consumption of energy. Now we are able to take that 3.4 million and put it on the production side. We have a guaranteed energy contract, we are guaranteed to make money, so really it’s a no-brainer,” said Smith.

A new Indiana law is limiting net metering benefits, but anyone with solar panels installed before the first of the year was able to secure the credit for 30 years.

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(This story was originally published on January 5, 2017)