FKEC Initiates Community Solar Lease Program

The Florida Keys Electric Cooperative has authorized their community solar program for the middle keys. The Simple Solar Program is available only to FKEC members Co-op members who support alternative energy but don’t want the hassle of designing, permitting, building, maintaining and insuring their own residential solar arrays can now lease panels in FKEC’s existing array. In return for leasing one or more panels for $999 each, members receive monthly bill credits for the full retail value of the electricity generated by their leased panel(s) for 25 years. Each 175-watt panel will generate around $36 in bill credits in the initial year. Assuming a 3% annual increase in the retail price of electricity, the $999 investment per panel should return about $1,280 in total credits. Source: Florida Keys Electric Cooperative News.

 

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