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HEA logo

Tuesday, February 19, 2013

HEA Renewable Energy Project Survey

Homer Electric Association (HEA) is interested in gauging the interest of its members in participating in a commonly owned renewable energy project. 

The concept is still very preliminary, but the basic idea is that a group of interested HEA members would share in the cost of the construction and operation of a renewable energy project. The project would generate power and sell it back to Homer Electric.

The project would most likely either be a wind turbine or solar panel arrays, depending on the wishes of the participants. The revenue from the sale of the renewable energy would be shared among the owners, based on the amount of their investment.

The financial figures are just estimates but for the sake of discussion shares in a renewable energy project could be sold in increments of 500-watts for $5000.00. 

The return on the investment would be based on the number of shares held by the investor, the amount of energy produced by the project and the purchase price for the power. As with net metering, the energy produced would first be used to offset the energy used in your primary residence. Also, as a net metering participant you would not be subject to the minimum customer delivery charge.

Click HERE to participate in a brief survey.  Your feedback is appreciated and valued.  Thank you!