From the Manager
The weather is starting to warm up and with more sun in the sky, the prospect of using some of that energy comes to mind. Clay Electric Co-operative is your trusted energy partner and it’s our business to help you find the best energy solution for your situation.
There have been extensions to some programs incentivizing solar panel installations. Some tax credits have been extended and programs to provide Renewable Energy Credits (RECs) are still available. We hope that our members who pursue solar power benefit as much as possible from these programs.
Unfortunately, when money is involved, there will always be bad actors. Responses to the reality of solar generation among our membership has been mixed. Ultimately, how beneficial solar is for a member will vary greatly on their usage profile and location. There are many variables that need to be considered when looking into a solar solution, and we are here to help.
To protect yourself while in the market for a solar system, keep in mind that prices between vendors can vary drastically. Get multiple quotes from different companies to ensure you get a good price for your system. When modeling the Return
On Investment (ROI), it’s important to consider not only your savings over the life of the system, but monthly as well. It isn’t doing you much good to save $100 on your electric bill if your system is financed for $200 a month.
Reputable solar providers will model the expected savings over the life of the system and will project an estimate on when your savings will offset the installation cost. To come up with a good model, it’s important they receive the most accurate information. Most solar installers will ask a customer to provide two years of usage data. Clay Electric Co-operative is happy to provide this data to our members as well as a detailed rate explanation. Knowing how much you use and how our rates work will let your solar installer model the size and cost benefit of a solar system as accurately as possible.
A solar company that wants to see only one bill or does not inquire about the details of our rate structures cannot model accurately. Be wary of promises like, “You’ll have $0 utility bills!” or “They’ll cut you a check every month!” Remember the old adage, “If it sounds too good to be true, it probably is.” Always do your due diligence.
It’s important to know how a potential solar installer plans to assist you in getting the solar incentives that are available. There are many programs currently on the books that incentivize green energy installations. Does your installer intend to fill out the paperwork for you? Is it included in the price already? Do you need to apply yourself? These are all important questions to have answered before signing any contract.
Clay Electric Co-operative is dedicated to our members and helping them find their best energy solution. As a not-for-profit electric cooperative, we have no incentive to try and promote or dissuade you from pursuing green energy. What we do care about is keeping our members in power and knowledgeable about how a construction project might or might not be in their best interest financially.
If you are considering member side generation, please contact us so we can help you understand the benefits and potential pitfalls of a construction project. Our goal is to protect our members’ interests. We are your trusted energy partner and finding the best solution for your unique situation is our job. 9602-001
As always, keep a lookout for your member number in the center section of this magazine. There are three member numbers hidden in Clay Electric News. If you find your number and give us a call you win $5 off your next bill!