Delta-Montrose Electric Association (Colo.) Launches Community Solar
February 28, 2011Delta-Montrose Electric Association (DMEA), Colorado has established a Community Solar Array program after completing two solar arrays, with combined capacity of 20 kilowatts (kW). The Community Solar Array program is selling shares of these arrays to consumers in blocks of $10 per 2.67 watts ($3.75/watt). DMEA expects that a 2.67 watt share will produce $0.50 of electricity for the consumer on an annual basis; consumers will receive a credit for the production of their share of the solar array. Participating customers will receive credit at the full retail rate, currently $.09703/kWh for residential customers, for the production of their solar share. The length of the lease is 25 years, and DMEA will own and maintain the solar array over that time period.
News Release - DMEA's Community Solar Array Dawns Feb. 11
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