Members will receive a monthly credit on their electric bill based on the energy output of their subscribed panels. The credit will vary depending on the weather, season, and the panels' performance.
Energy Credit = Monthly Allocated Capacity Percentage * kWh * Energy Credit
Monthly Allocated Capacity Percentage = # of subscription panels / total facility panels
kWh = total kWh of solar energy production at the subscribed facility for the previous month Energy Credit = ($0.0407)
Number of Panels subscribed: 15
Monthly Charge: $78.15 (15 * $5.21)
Total # of Panels: 352
Capacity owned %: 4.26% (15 panels/352 total panels)
Output of Project: 8,000 kWh
Credit: $ (13.87) (4.26% * 8,000 * $.0407)
Net Bill: $ 64.28 ($78.15-$13.87)
***The energy rate will be updated annually based on wholesale power costs