Community Solar is a different approach to developing solar energy. Instead of putting solar on your own home (which requires home ownership, the right sunny location and a fairly large upfront investment), Community Solar lets many people come together to build one larger solar array. Inland Power has built a Community Solar project on behalf of our members. We chose a location that is a good fit for solar. The panels are in a sunny location, visible to the public and on property owned by Inland Power. Participants benefit through economies of scale, better siting and the opportunity to take part at a much lower entry cost level. Inland Power is not accepting any additional participants at this time.
Financial Projections for Members
*NOTE: All financial projections set forth herein are merely Inland Power’s best estimate, under current law, of the financial consequences of a member’s purchase of solar units. Many things could cause the financial results to differ from, and to be materially less than, those described herein, including but not limited to a change in either federal or state law, a failure of the technology, Inland Power’s decision, in its discretion, to terminate the project prior to the end of its anticipated life, or other factors. Inland Power is providing this information so that each member may make a more informed decision with respect to participation in the project, but Inland Power does not warrant that the financial results of participation will be as described herein, and expressly disclaims any such warranty.
Under current law, participants receive an annual incentive payment through 2020 from both Inland Power and Washington state for their portion of the electricity generated. Current production incentives are as follows:
Washington state: currently $1.08/kWh
Inland Power: $0.0634/kWh
Total Production Incentive of $1.14/kWh yields an estimated annual credit of almost $1.60 per watt in a solar unit, or approximately $88 per year through 2020