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Wednesday, 06 November 2024

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City to share solar energy with citizens

Ashland, Oregon, will soon become one of the first cities in the world to offer solar energy shares to its citizens. Everyone will be able to buy them and not only profit financially, but also live in a more sustainable and energy-independent town.
The first package will be worth $ 0.5m, allocated in renewable energy bonds. An additional $0.3 m will be made available through tax credits to businesses. Each share will cost around $1,000, and there will be some 375 available in this first phase. Each citizen will be able to buy up to ten, and the revenues produced by the facility can be deducted from their energy bills.
 
The project will kick start with one big solar array built on top of a storage facility. would be built on the roof of a large storage building in the city. It will be able to produce around 0.75% of the Ashland's yearly energy needs. The facility is expected to be ready by the end of the summer.
 
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