QUINCY -- An interconnect agreement has been reached with Ameren Illinois that would allow the installation of solar panels on the roof of the Oakley-Lindsay Center.
Rob Ebbing, OLC executive director, updated the Quincy Civic Center Authority on the plans that would allow Indiana-based Midwest Wind and Solar to install the solar array.
The interconnect agreement allows any excess energy created by the panels to be sent to the power grid, which would provide the building with a credit for future electric use.
Ebbing said a potential agreement is being reviewed by the authority's legal counsel and energy adviser.
"It's not a point of signing yet, but they want us to be fully aware of the contract details," he said.
If the agreement moves forward, installation is expected next year.
The authority approved a letter of intent with the firm in July with the goal to save money on electric costs.
Because of incentives through the federal government and Ameren Illinois, the firm seeks an investor for the solar panel installation, and the OLC will buy the electricity from the solar panel firm.
Officials said projections show the building's electric bill would drop about 20% and wouldn't hit the rate it now pays for 20 years.