VEC Stats Serve 10,000 members 11,500 meters 2,100 miles of line 5 members / mile 28 employees 7...
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Transcript of VEC Stats Serve 10,000 members 11,500 meters 2,100 miles of line 5 members / mile 28 employees 7...
![Page 1: VEC Stats Serve 10,000 members 11,500 meters 2,100 miles of line 5 members / mile 28 employees 7 counties (Vernon, LaCrosse, & Monroe)](https://reader036.fdocuments.us/reader036/viewer/2022062423/56649eac5503460f94bb2ade/html5/thumbnails/1.jpg)
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VEC Stats
Serve 10,000 members 11,500 meters2,100 miles of line5 members / mile28 employees7 counties (Vernon, LaCrosse, & Monroe)
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STRATEGIC PLAN
Customer Service / Communications
Technology
Rates – Retail rates and Wholesale Power Expense
Renewable Energy – Trusted experts & be fair to all members
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VEC Solar Projects
Community Solar Project Chose Clean Energy Collective
Turned into 2 projects DPC 500 kW – 60 homes $1.5 m Community Solar Project 305 kW
No member subsidy (fairness) No money investment from VEC Education for all of us
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Solar Array Photo Simulation
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VEC Community Solar First in Wis. Currently the largest in Wis. 305 kW Lowest cost in country (<$2 / watt) First to pay less than retail rate 12 to 13 year payback SOLD OUT THE FASTEST IN U.S.
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$600 Panel
One panel – 400 kWh / year estimated Paying 10¢ a kWh
$38 year (based on sun, $3.16 monthly credit on electric bill)$2 escrowed for maint. & insurance
Escalation for rate increases 12 – 13 year payback 6% X $600 = $36Estimate life of 25 years
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VEC Community Solar Farm
1,000 305-W DC (250 AC) solar panels 921 for sale to members (113)FIRST COME BASIS! SOLD OUT!!! 79 owned by VEC
$671 Per panel ($2.20 watt) cheap! -$71 Do Watt$ Right Rebate $600 Lowest per watt community
Cost (< $2 watt)
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VERNON ELECTRIC COOPERATIVE
Panel Signing Event
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Community Solar Farm ** FAIRNESS **9.5 cents per kW credit on electric bill .5 cents per kWh to maintenance escrow account
Limited to annual kWh usage Paying 3 to 5 cents more than we can buy wholesale
Make up by peak demand savings, 79 panels we own, and set up our own Evergreen Fund.
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VEC Solar Projects
Economies of scale Upfront revenue Lower our peak demand Provide green energy to our members Allow us to pay less than retail rate – no
rate subsidization Education Allow more members to own solar Develop options to members – not for
everyone
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WHY COMMUNITY SOLAR
Experts Education Allow members to own green
energy Hedge against rising electric rates One-time offer until sold out Wind didn’t fit our needs
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Nation’s leading community solar provider: Community solar facilities in 7 states, delivering 10+ MW of capacity
(over 40,000 solar panels) Nearest solar facility - Rockford, Minnesota (Wright– Hennipen Co-
operative Electric Association) Built nation’s first community-owned solar array in 2010 (78 kW) Built nation’s largest in 2011 (858 kW) and new largest in 2012 (1.12
MW)
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Lessons Learned 10X more complex than I thought Tax, legal, PPA, ….devil in the details Use a renewable energy attorney Keep your board informed SWOT helped our board and staff Don’t set precedents How much control do you want Don’t know what the price point is ($600 - $1,000) Most members love the idea Why not paying retail rate? Limit number of panels purchased Negotiate – Negotiate – Negotiate Some members can’t use 30% tax credits so
community solar is a cheaper option for them
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TODAY
Happy members Sparked an interest in solar Value of solar for Net-metering
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MONTHLY BILL CREDIT / PANEL
June 14 July 14 August 14 Sept 14 Oct 14 Nov-14 Dec-14$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$4.77
$3.62 $3.51
$2.92
$2.21
$1.21$0.97
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VERNON ELECTRIC COOPERATIVE
Mowing grass with “wool” power