EPB knows that renewable energy is important to our customers. That’s why we’re teaming up with Tennessee Valley Authority (TVA) to construct Chattanooga’s first community solar project, Solar Share. See participating businesses.
Call 423-648-1372 to order today.
Solar Share is Chattanooga’s first community solar project. Developed through a partnership between EPB and TVA, Solar Share gives businesses and people an easy and affordable way to participate in green power generation. Think of it like joining a community swimming pool. It’s affordable because you share the cost among all the participants, but you get to fully enjoy the benefits without having to worry about construction, maintenance, or liability.
Solar Share is the perfect solution for businesses that are looking for a hassle-free way to support renewable energy.
Solar Share is right for your business if you want to:
We offer flexible ways to get involved, starting at just $5 per month
No rooftops or large construction projects required
No contracts or long-term commitments
Green branding opportunities
Plus, joining the Solar Share community means you’re investing in a brighter future by supporting community-based power generation in the Chattanooga area.
Choose the Solar Share option that works best for your business.
One-time cost of $612 + annual maintenance fee of $10 per panel*
Monthly bill credits equal to the amount of power generated by your selected number of panels
$5 PER panel PER MONTH*
No contracts or long-term commitments
$5 per 100 kWh per month
Offset your carbon footprint with locally generated renewable energy
If you would like to participate, please fill out a business order here, or give us a call at 423-648-1372.
This depends on several factors — primarily the participation of our customers in this project. If the demand for local solar energy generation exceeds this installation, EPB will work with TVA to determine if we can install additional solar generation.
Not at this time. To ensure consistent power generation benefits for all Solar Share participants, EPB determines each customer’s monthly power generation credit by figuring the average power generation of all the panels for that month. This means that if some panels are not as well-positioned in relation to the sun, Solar Share participants are not penalized.
Every 20-year license includes a buyback option if the customer requests it anytime during the 20-year expected life. A schedule of the buyback values will be established and published at the time of purchase.
A Renewable Energy Certificate reflects the environmental benefits of 1 megawatt of renewable energy. A REC offsets the greenhouse gases associated with 1 megawatt hour of conventional, fossil fuel electricity.
Credits will depend on total generation of the array for the month prior and will be calculated at the current GSA-1 electric rate. For example, if your panel generates 37 kWh and the current GSA-1 electric rate is about 11.5¢ per kWh with fuel cost adjustment (click here to look up GSA-1 electric rate, or call 423-648-1372) you would receive a credit of $4.26 per panel. What’s nice about this is that if the cost of power goes up, your Solar Share bill credits become more valuable as they automatically adjust as the electric rate rises or falls.
Charges will appear the month after you sign up with credits appearing the month after that. For example, if you contact EPB and sign up on July 15, 2017 for a panel, you will see the CHARGE on your AUGUST invoice (the next month and all following months). The CREDIT will appear on your SEPTEMBER invoice (approximately 2 months after you sign up and all following months). Why? During the first month after your purchase, your panel is generating electricity. That generation is accumulated throughout the month and then credited on your next bill. If a customer opts for the 20-year license, this is a one-time only charge.
At this point, whether you install panels at your business or participate in community solar, solar power generation is a premium product that’s a bit more expensive than conventional power. In the near term, the primary benefit of solar energy generation is environmental – generating energy from the sun significantly reduces carbon emissions and contributes to improving the health of our planet. Solar Share also offers a number of ways to communicate your company’s participation to your customers. In the longer term, the financial benefit of solar is that it locks in your energy cost at today’s rate. As the cost of conventional power rates go up, the cost of participating in Solar Share remains the same. What’s nice about this is that as the cost of conventional electric rates goes up, your Solar Share bill credits become more valuable.