[Last Updated: 5/16/2013 9:31:45 AM]
For Immediate Release
May 16, 2013
Contact: Jessica Wheaton, Marketing & Community Relations Coordinator
Traverse City Light & Power
Phone: (231) 932-4574 or E-mail: email@example.com
TCL&P Approves Community Solar Project
(Traverse City, Michigan) —The Traverse City Light & Power (TCL&P) Board approved the final step in implementing the community solar project at its May 14, 2013 regular meeting.
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 for residential and business customers of both utilities the ability to invest in solar energy through participation in a community solar project – the first of its kind in Michigan.
The SUN Alliance is a community-based initiative where customers of both utilities are invited to invest in a solar generation project. Those who invest in the project will receive a monthly bill credit equal to their share of the project’s overall energy production, without the risk and maintenance cost involved in owning their own solar array.
Interested TCL&P customers can purchase a SUN share (one share is equivalent to one solar panel) for a one-time investment of $470, less a $75 rebate offered through TCL&P’s Energy Optimization program.
In return for a one-time investment, SUN shareholders receive monthly bill credits, estimated to be $2 per month per panel, for the 25 year project term. The credit amount will be based on total monthly array output and will vary from month-to-month based on weather conditions.
TCL&P will be holding an informational meeting for customers to learn more about the project, have questions answered, and begin the sign up process on May 23, 2013 beginning at 6:00 p.m. at the TCL&P office (1131 Hastings Street, Traverse City).
The project’s ribbon cutting ceremony will be held on June 7, 2013 beginning at 2:00 p.m. at the Cherryland headquarters (5930 US 31 South, Grawn). All community members are invited to attend.
Additional information regarding the project and upcoming dates of interest can be found on TCL&P’s website, tclp.org, and clicking on the ‘Community Solar Garden’ button at the bottom of the homepage.
Traverse City Light & Power (www.tclp.org) is a community-owned, community-focused municipal utility that offers reliable energy at low rates in the region to over 11,500 customers in Traverse City, and parts of Blair, East Bay, Elmwood, Garfield, Peninsula and Paradise townships.