But “zero-energy” doesn’t come at zero cost. Newsweek reports:
Officials estimate that the Fort Collins project will cost roughly $350 million. The stimulus money kicks in only $4.8 million, which leaves the city to do significant fundraising. Money could come from a mix of government, private investments, utility companies, and research and development grants. “It’s a ton of money, and there’s no way we can do this on our own,” says Mike Freeman, Fort Collins’s chief financial officer and economic-development guru. “The biggest risk for us is that we won’t have enough money and that this will take 20 years.”
The so-called FortZED district contains 7,000 commercial and residential customers. So that works out to spending $50,000 per customer.
The average electric bill in Fort Collins is $50.66 per month.
So it will take more than 82 years for FortZED to break-even.