Co-op members exploring solar energy have new options. Members can buy or lease solar photovoltaic (PV) panels on their own rooftop or property (“residential solar”). They also have the option of purchasing power from an array developed by their utility or other entity. Members can choose to offset all of their power use with electricity generated with solar energy, or just a portion.
While members with residential solar arrays often benefit from available tax benefits and incentives, they are also responsible for the system and all the up-front costs, which can be significant. With a battery or energy storage system, some residential solar arrays can provide backup power during extended outages.
Community-owned solar is another increasingly popular option. Under this model, members can purchase the output of panels in large solar arrays built and maintained by the co-op, and receive credit for their portion of the electricity produced. This option almost always offers a better value than residential solar, and it’s a good choice for members whose property isn’t suitable for residential solar.