Community solar phase two
Community solar has been so popular that we are doing it again. In November 2018, Vera Water and Power announced Phase Two Community Community Solar.
Here’s how the Phase Two Community Solar Project works for those joining:
- 14.4-kiloWatt solar system
- Projected to produce 18,519 kilowatt-hours of electricity
- Projected lifetime of the project is 8 years
- 200 total solar blocks
- $100 per solar block
- Limit of 20 solar blocks per household*
The production numbers
One solar block equals
- 92.58 kilowatts (estimated annual production, subject to variables)
$100 per block. This is a nonrefundable, one-time payment. These are sold on a first-come, first-serve basis.
Your potential credit**
- A credit from Washington state of $0.21 per kilowatt-hour on each block’s annual production for a period of time up to eight years or until total credits amongst participants reaches 50 percent of the entire project cost
- A per kilowatt credit from Vera Water and Power on your block(s)’s annual production. In 2019, that will be $0.035 per kWh.
If you’re interested in Phase Two Community Solar, please contact Jeremy Keller. He will send you the project details, project disclosures, and participation agreement.
The project has certain requirements and risks; so be sure to read all disclosures and the participation agreement. Of course, if you have any questions, please give Jeremy a call at 509-227-6811 or email him firstname.lastname@example.org.
Or you can download those documents now.
*After there are 10 eligible participants, you might be able to purchase additional solar blocks.
**All credits will be applied annually to a participant’s Vera Water and Power bill statement.