NewEnergyNews: WASHINGTON UTILITY OFFERS COMMUNITY SOLAR INVESTMENT

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    Thursday, January 08, 2015

    WASHINGTON UTILITY OFFERS COMMUNITY SOLAR INVESTMENT

    Utility invites residents to invest in solar energy; Shares in may bring credits on electric bills till 2035

    Aaron Corvin, January 7, 2015 (The Colombian)

    “Residential customers of Clark Public Utilities may now sign up to invest in solar energy…as it expects to have a community solar project up and running by June…The utility has hired Seattle-based A&R Solar to build a 74.8-kilowatt array with 272 ground-mounted photovoltaic panels…at the Clark Public Utilities Operations Center…Construction is slated to begin in early spring, using only materials manufactured in Washington, and the solar array is expected to start putting electricity onto the grid by June. A share of the system is 1∕12 of one solar panel and costs $100…

    “Residential customers may buy one share or up to 100 shares, paying as a lump sum or splitting it up quarterly or monthly over a year. All payments will be made by way of customers' utility bills…No payments for purchased shares will be collected before the system is operating, but the utility is offering the 3,264 shares for sale now…[P]articipants can expect to be paid back in less than four years. And investors will continue to receive generation credits on their bills for the life of the system, estimated to be 20 years…Shareholders will cover the total $326,400 cost…” click here for more

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