THE ALTERNATIVE ENERGY BLOG



Not only will atomic power be released, but someday we will harness the rise and fall of the tides and imprison the rays of the sun. Thomas A. Edison
FUEL CELL, GEO-THERMAL, HYDRO-ELECTRIC, SOLAR, WIND... OUR PROSPERITY AND INDEPENDENCE DEPEND UPON OUR ABILITY AND WILLINGNESS TO REPLACE FOSSIL FUELS WITH CLEAN, RENEWABLE SOURCES OF ENERGY.



Tuesday, December 20, 2011

No Room on the Roof? How About a Community Solar Garden?

There is a growing trend among those frustrated homeowners who don't have adequate roof space or their roof is facing the wrong direction to take advantage of solar power. It's called a community solar garden.

Home Power Magazine published an article in their June - July 2011 issue that discusses this interesting option. In those states where the laws are favorable, people in the same community can form their own LLC (Limited Liability Corporation) and build a solar array that can provide energy for sale back to the local power company. Members receive credit towards their utility bill in proportion to their investment.

One thing that is very attractive is there is no need to modify any wiring or metering in any of the members' homes. When a member decides to move and sell his or her house, the membership can be sold simultaneously. The new buyer may be able to roll that investment into the mortgage as a part of the value of the home.

No comments:

Post a Comment