WHAT IS COMMUNITY SOLAR?
Community solar can refer to both “community-owned” projects as well as third party-owned plants whose electricity is shared by a community. The primary purpose of community solar is to allow members of a community the opportunity to share the benefits of solar power even if they cannot or prefer not to install solar panels on their property. Project participants benefit from the electricity generated by the community solar farm, which costs less than the price they would ordinarily pay to their utility. Participating in a community solar program also eliminates maintenance costs and concerns that can be a hassle for those who own and maintain their own residential solar system. With community solar, Power52 takes care of installation, maintenance and insurance fees, making it easy for members to participate.
WHAT ARE SOLAR ARRAYS?
Solar Arrays or Solar Farms, are fields of solar panels that will be placed within the community on a vacant lot or field, and connected to the local energy grid. Solar farms built in sunny areas, with panels properly positioned will maximize the amount of sun received.
WHO CAN BENEFIT?
Virtually anyone can participate in community solar, provided the property consuming the energy is located in the same part of the electric grid (load zone) as the community solar array.
So how do I pay for my electricity?
Your power bill will continue to come from your local utility company as usual. Your bill will reflect your community solar subscription credit.
HOW DO I GET THE COMMUNITY SOLAR CREDIT?
The community solar model is easy as one, two, three......
1. Power52 builds a solar array.
2. You purchase a subscription that provides a savings credit. (You can participate at various levels, to either fully offset your electric usage or simply reduce your monthly bills.)
3. The Savings credit is applied towards the cost of your current power bill. The benefit of community solar is that you purchase a dollar credit at a discounted rate. For example, you would pay for electricity generated by the community solar project at a discounted rate of $0.70 for $0.80 to $1.00 worth of energy – ultimately saving 20-30% off your electric bill. Think of it like a Groupon for solar – where you might pay $10 for a $15 gift certificate.
WHEN WILL COMMUNITY SOLAR BE AVAILABLE THROUGH POWER52?
POWER52's community solar projects are underway and forecasted to be rolled out fourth quarter 2018.