Want to invest in solar energy but cannot put it on your home or business, or cannot afford the upfront cost? Traverse City Light & Power (TCL&P), in partnership with Cherryland Electric Cooperative (Cherryland), is proud to offer the Solar Up North (SUN) Alliance program. The SUN Alliance provides an opportunity to all customers from both utilities the ability to participate in a Community Solar Garden. Customers can purchase a SUN share(s) and receive a monthly bill credit for their share(s) output without the risk and maintenance costs involved with owning their own solar array. The first 80 panel solar array is located at the Cherryland headquarters in Grawn (5930 US 31 South).
HOW DOES IT WORK?
Customers can purchase a SUN share(s) for a one time investment of $470.00 each. All customers will receive a $75.00 Energy Optimization (EO) rebate per panel. This will come in the form of a check after the Solar Energy Credit Purchase Agreement has been signed and your share(s) have been paid for. It is estimated that customers can expect an average bill credit of $2.00 per month. This amount will be based on total monthly array output and will naturally vary based on weather conditions.
Initial SUN share cost (per panel) $470.00 EO rebate (per panel) ($75.00) Final cost (per panel) $395.00
Ready to sign up? Please complete the advanced Reservation Application. Submitting this application is the first step in the process and indicates your intention to purchase SUN share(s). This application document is not a binding contract; it is simply a way to reserve your shares and help us better track the current demand for the project.
An informational meeting will be held on May 23 to discuss the program in greater detail and answer questions. Meeting information can be found below. At the meeting, customers will be able to sign a Reservation Application, or if the customer has already submitted their Reservation Application and received an approval letter, they can sign the Solar Energy Credit Purchase Agreement and pay for their SUN share(s).
TCL&P Community Solar Garden Informational Meeting When: Thursday, May 23, 2013 Where: TCL&P Office – 1131 Hastings Street, Traverse City Time: 6 p.m.
Sign up below to receive email updates on the program and upcoming information meetings.
Interested in installing your own solar energy system on your house or business? Check out TCL&P's Net Metering Program Here