The Swellesley Report

More than you really want to know about Wellesley, Mass.

Wellesley town government round-up: Big bonds; overnight charging; solar rebates

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Wellesley is squeezing in all sorts of good stuff before summer hits. Here’s a round-up of the fast-and-furious announcements issued by the town of late:

Big bonds

The Town of Wellesley has announced it is set to receive $4.245 million in proceeds from a recent bond sale that wasn’t hurt by the town’s Aaa long-term debt rating. Wellesley received 10 bids and UBS Financial Services was the winner with an average net interest rate of 1.52%.

Proceeds will be used to fund various capital projects, including steam pipes at Wellesley Middle School, the Hunnewell Elementary School feasibility study, the Wellesley Free Library’s new automated materials handler and design work.

Wellesley gives residents incentive to charge electric vehicles overnight

Wellesley Municipal Light Plant (WMLP), seeking to keep electricity rates low, is encouraging residents to charge their vehicles during off-peak hours in exchange for an $8 monthly credit.

Under the program, electric vehicle owners are able to schedule charging between 10pm and noon on weekdays (weekends are wide open) using the battery in their vehicle rather than having to buy a special battery or other costly equipment.  To participate you do have to divulge electric meter or vehicle charger data.

 

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Related: Getting charged up in Wellesley

Solar rebates up for grabs

The WMLP is also taking part in the Massachusetts Department of Energy Resources (DOER) Municipal Solar Rebate Program. This program provides a rebate to qualifying residential solar installations completed before July 31, 2020.

The rebate amount will be $1,200 per installed kW of solar generation capacity. This program is only for WMLP residential customers’ installations 10 kW DC or smaller. Funding for installations in Wellesley is limited and is on a first-come, first-served basis. Get your application started.

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