Enrollment Is Now Open!
Construction is nearing completion on VEC's first Co-op Community Solar project. This project is located in Alburgh Vermont and will allow members to sponsor panels for either 10 or 20 years and receive a fixed solar energy monthly credit on their bills. This is an opportunity available only to co-op members. See below for more information about the program and how you can sponsor panels.
- On-line enrollment form
- Frequently asked questions
- Panel sponsorship details
- Friend option details
- Opt out and buy back details
- Financing option with NeighborWorks of Western Vermont
- Terms and Conditions
How to Get Started!
(Thank you Encore Renewable Energy for supplying the aerial image on the homepage)
What is Co-op Community Solar?
Community solar is a solar facility that produces more power than a single home or even a few homes can use. Participants in a community solar program can sign up to receive bill credit for the power that the solar array produces. VEC's Co-op Community Solar follows this model. Members can participate by making an upfront payment to sponsor the array, which helps pay for the cost of putting more solar power onto the electric grid. Participants will then receive a monthly credit on their electric bills for either 10 or 20 years, depending on which sponsorship term they choose. Members can participate from just a small amount or can sponsor enough to cover their annual electric charges.
How much power will the project produce?
The Alburgh project will produce around 1.57 million kilowatt-hours a year, enough to power over 150 homes. VEC's first community solar project can accommodate at least 100 participants, depending on what sponsorship level participants choose. We are planning additional VEC community solar projects for future years.
How much does it cost?
Participants would make a one-time payment, either directly or with a loan. See Sponsorship level options for more information.
Is financing available?
Will the solar credit change month to month?
No, the credit is fixed and guaranteed to participants. The credit amount is based on a guaranteed generation per panel and VEC's value of solar. VEC guarantees that participants will receive this credit for as long as they are sponsoring panels.
What if I change my mind or move? Will I get my money back?
Yes, participants can opt out of the program at any time. Those who opt out will receive a portion of their initial investment back, depending on how long they participated.
Participants can also transfer their sponsorship to another VEC member’s account as long as that member has enough usage to take advantage of the monthly credit amount.
Is VEC selling the Renewable Energy Certificates (RECs)?
Renewable energy projects such as solar and wind farms have something called Renewable Energy Certificates (RECs) associated with them. RECs are the claim to the renewability of the power, and, for any renewable generation, they can be retired or sold. If they are sold, the energy is no longer considered renewable because its RECs have been sold to another entity so that that entity can claim the renewable attributes. VEC is not selling the RECs for the portion of the project sponsored by VEC members. These RECs will be retired and will help VEC meet the goals and requirements of Vermont’s Renewable Energy Standard, which was established in 2015 by Act 56.
How do I enroll?