Community SolarUniversity Par k Community Solar L L C March 2012
O ur objectivesAffordable solar for middle-class familiesSolar access where there is noneFor-profit enterprise with reasonable return of investmentDevelopment of decentralized green power generationCreation of community model that can be replicated acrossMarylandInformation sharing with other community groups, faith-based organizations, and local governmentsReducing greenhouse gas emissions especially from coal-powered electric generating plants
T he Project F inancials35 investors provided on average about $4,000.00The cost of the solar installation was $133,500.00The LLC should break even on its investment in about 6-7 yearsOver the 20-year contract member investors should receive about a 7-8% return on their investmentThe Church of the Brethren is buying solar electricity from the LLC atabout 13% below what it would pay PEPCOLast December the LLC received a US Treasury check of $39,995.00or 30% as part of the Federal stimulus billDuring this first year of operation our LLC planned to sell our solarrenewable energy certificates (SRECs) for about $8,500.00
Summary of Operations July 2010 -July 2011Power Production actual power production totaled: 28,034 kWh pre-construction estimate was: 26,308 kWh This is about 6.2% over the original estimate.Distribution of the Power The Church of the Brethren met all of its electricity needs of 20,954 kWh and the balance of 7980 kWh was fed into the grid. This amounted to an excess of 25.3%.
F inancialsCost of installation $133,500.00Operating expenses year 1 $2,300.00(insurance, property tax, and bookkeeping)Electricity sales to the Church 20,954 kWh@$0.13/kWh = $2,724.00Estimated income from the sale of excesselectricity to PEPCO 7080 kWh @ $0.096 =$680.00 per the Maryland net metering law.
Sale of SR E Cs7 sold @$350.00 = $2450.0021 held until next year when we hope theMaryland market will rebound. (BeginningJanuary 2012, Maryland SRECs may onlybe sold by renewable energy generatorslocated within the State).
State and F ederal AssistanceMaryland Energy Administrationdemonstration grant of $10,400.00Federal stimulus program grant of$39,995.00
Community Solar Model DifficultiesFinding a host siteWorking within the State and Federalsecurities lawsNeed for lots of volunteer hours on the partof the community organizing group
University Park Elementary School A possible future project site
University Park Elementary SchoolIdeal site with more than an acre of unshaded roofspaceThe school is the center of our community withour children attending classes there, it is where ourtown council meets, and numerous communityfunctions held there annuallyCheaper electricity for the school system and aneducation opportunity for the students to learnabout renewable energy and the environment.
National Council of NegroWomen Headquarters Building
G reen Jobs PotentialSmall to midsize solar projects financed bylocal groups and installed on churches,schools, county and municipal buildings,warehouses, multi-family residentialbuildings, and other structures offerbusiness and employment opportunities tothe Maryland economy that remain at thistime untapped.
A Model Worth RepeatingIt is the hope of members of UniversityPark Community Solar LLC thatcommunity-based solar projects can bereplicated around Maryland and across thecountry. We provide our organizationaldocuments free of charge to groupsinterested in going solar.
For more informationGo to: universityparksolar.comContact: David Brosch, president UPCS LLCdavidcbrosch@comcast.net 301-779-3168Jim Gekas, treasurer 301-864-2734Richard Scorza, board member, 301-277-5388Sarah Moseley, board member, 301-927-5091