Agralite Electric Cooperative (AEC) is considering a community solar project to meet the needs of members with an interest in producing their own solar power. At this time, AEC is trying to measure interest among members to determine if a project should move forward.
What is Community Solar? An AEC Community Solar project allows members to purchase a portion of the output of the kilowatt hours generated from a centrally located photovoltaic system.
How does it work? Solar panels are installed at a location on AEC lines. Members purchase a share or multiple shares of the system production. Members are then credited on their monthly bills based on their portion of the system production. Participants do not own any of the panels or infrastructure.
- Nothing is installed on your home or property. You have nothing to maintain.
- You have the opportunity to directly invest in a renewable energy project and receive credit from it on your monthly bill.
- By purchasing a share or multiple shares in the project, a portion of your electric usage will have a fixed cost for 20 years.
What does it cost? Estimated costs are $900 to $1,400 per production unit. These costs are estimates based on similar projects. Size and demand for the project will determine the final costs.
What do I get? Participating members get a percentage of the total solar array production each month based on their contribution to the project. It is estimated that each purchased unit will produce 400 to 600 kWh's per year. Members would get their share of production from the project for a period of 20 years.
If interested, please complete this form and return it to AEC.