MC Power Companies and BPU successfully collaborated on this 1.2663 megawatts DC community solar farm project. BPU is a forward-thinking utility that sees the need for Energy Diversity in its long-term power generation portfolio and through its commitment to the community built this pilot project. There are 3,780 335-watt tier one panels, two Solectria inverters, and Sunbelt transformers. The community solar farm was commissioned on September 26th, 2017.
Residential BPU customers will be able to lease from one to 10 solar panels over a multi-year period, while receiving a credit of approximately $3.20 a month for each panel on their utility bill. An initial one-time panel lease fee of $470.00 applies throughout the 25-year life of the farm, with the user option of selling the individual panel back to BPU if a participant moves out of the service area after 12 months. By spreading the benefits and savings of renewable solar energy to all participants, BPU allows users to lower their environmental impact while saving money in the long term.
MC Power Companies and Independence Power and Light successfully collaborated on this 3.85 megawatts DC community solar farm project. There are 11,664 330-watt tier one panels, four Solectria inverters, and Sunbelt transformers. The community solar farm was 100% subscribed or committed to by the time the farm was commissioned.
Independence Power and Light allowed customers to commit 40% of their current electric usage to the solar farm. With their commitment, they set their electric rate for 25 years and retain the SRECs generated to meet their renewable goals. There is a solar premium added onto their current rate for the number of kilowatts committed, and they pay an upfront security deposit that will be refunded in 2 years for residential and 5 years for commercial.