What is Community Solar?
A Wild Rice Electric Cooperative Community Solar project would allow members to purchase a portion of the output of the kilowatt hours generated from a centrally located photovoltaic system. If the project constructed based upon member interest, is an 80kW direct current solar array, it would consist of 192 photovoltaic panels at 400 watts each.
How does it work?
Solar panels are installed at a location on WREC lines. Members purchase a share or multiple shares limited to the equivalent of their lowest monthly energy usage with a maximum of 6 full panels. Members are then credited on their monthly bills based on their portion of the system production. Participants do not own any of the panels or infrastructure.
What are the benefits?
- Nothing is installed on your home or property. You have nothing to maintain.
- You have the opportunity to directly invest in a renewable energy project and receive credit from it on your monthly bill.
- By purchasing a share or multiple shares in the project, a portion of your electric usage will have a fixed cost for 20 years.
What does it cost?
Estimated costs will be in the rage of $1,200 to $1,600 per production unit. These costs are estimates based on similar projects. Size and demand for the project will determine the final costs.
What do I get?
Participating members get a percentage of the total solar array production each month based on their contribution to the project. Your monthly credit will be calculated by dividing the entire arrays total monthly production by the portion of the array that you're subscribed to. The resulting credit will be applied to your bill according to the current electric rate. It is estimated that each purchased unit will produce 400 to 600 kWh's /year. ( i.e. a member purchases 2 shares at $1,200 each, that member would receive 1.05% of the production from the array based upon a projected annual average of 450kWh per panel for a total of 900kWh). At a current rate of $0.107/kWh, the member would receive an annual credit equal to $96.30. If future rates fluctuate, the member would continue to receive a higher credit on their monthly bill based upon their percent of output at a greater value based upon the higher price per kWh. (For example, a 10% avg. kWh increase to $0.118/kWh would equal an annual credit of $106.20 based upon the same 2 panels). Members would get their share of production from the project for a period of 20 years. If interested, please call 218-935-2517, or feel free to fill out the form below.
Community Solar Interest Survey