Do you want to utilize solar energy at your home or business, but avoid the expense of installation and maintenance of unsightly solar panels on your property?
SWRE may have the solution for you. The co-op is planning construction of two community solar fields – a 250 kW field in the Frederick area and a 100 kW field south of Vernon.
Any SWRE members who opt to participate may purchase a “share” in the field equivalent to one solar panel, and lock in a guaranteed rate for the next 25 years (through 2041).
Shares cost $350 each, payable at the time of purchase. A total of 1,368 shares are available – 950 in Frederick and 418 in the Vernon field. Shares may be purchased in quantities ranging from 1 to 25. Any SWRE member, at any location in the co-op’s service territory, may participate.
After the share purchase, members will be credited on their monthly SWRE bill based on their portion of the fields’ production. Participants will not own any of the panels or infrastructure.
It is estimated that the payback period for members who choose to buy shares is approximately 15 years.
The solar fields are being constructed on tracts of land that are owned by SWRE – one mile south of Frederick on Highway 183 (at the airport road), and south of Vernon on Center Drive adjacent to Madison Crossing Apartments.
Construction of the solar fields will be done in stages beginning in August 2016. They are expected to be complete and operational by December 2016.
Click the following for general information (PDF format) about the project and for the SWRE Community Solar application.
For more information about the Community Solar project, call SWRE at 1-800-256-7973.