What is GreyStone Cooperative Solar and why should I be interested in it?
It is a program that will allow our residential members, who care about reducing their environmental impact, an affordable way to meet some of their electricity needs by purchasing solar power from a large solar facility that GreyStone will build, manage, and maintain in Paulding County. The program makes the benefits of clean, green solar power more widely available to GreyStone residential members at a reasonable price compared to the purchase of a home rooftop or yard solar system.
What are the advantages of purchasing solar power from GreyStone as opposed to installing my own solar panels (roof top system)?
How do I sign up to receive solar power?
If the account is in your name, and you are a residential homeowner, renter, or apartment dweller, you can sign up to purchase one or two blocks of solar power. Commercial, Prepaid, and existing rooftop solar accounts are not eligible at this time.
Will the solar power be delivered directly to my home?
The solar panels will feed energy into the power grid. From there, a mix of power generated from many sources electrifies your home. So you may indeed have some of the solar power coming into your home. You may not. We don’t have a way to know, because there is no way to distinguish solar power from power generated elsewhere once it goes onto the grid. Solar panels do not provide energy during an outage as law stipulates that for safety reasons inverters must be off during an outage.
Can I purchase solar blocks for more than one residence?
Yes, but only if the residential electric service is in your name. Homeowners, renters, and apartment dwellers are eligible. But, only two blocks per member.
What is the cost/how much is it?
Your cost will be $25 per block of solar power monthly and you may purchase one or two blocks. This cost will appear on your monthly electric bill. In return, you will receive solar credit each month from your block(s) based on the solar electricity generation produced from the equivalent of 5.7 solar panels per block for each month. Initial estimates are that each block of solar power will cost an additional $27.25 yearly, or an average of $2.27 monthly, or simply approximately 1 cent more per kWh for solar power than for standard power.*
How much solar electric power can I expect to receive for my block(s)?
You can expect to receive a credit on your monthly electric bill of between 160 and 280 kilowatt hours, understanding that the time of year, weather, sun hours, and other conditions will determine the monthly solar credit.
How will I be billed?
You will be billed an additional $25 per month for ach purchased block on your electric bill. The kilowatt-hours produced by your block(s) in each calendar month will offset the same number of kilowatt-hours on your bill. If your block(s) produces more kilowatt-hours than you use during your billing period, you will receive a credit for the excess energy.
Ex:Your bill shows usage of 1200 kWh
Your solar credit for the month was 250 kWh
You will be billed for 950 kWh for the month
If I participate, will it lower my electric bill?
The program is not designed to reduce electric bills as solar power is more expensive to generate than standard electric power, but the additional cost should be minimal. There is no federal tax credit for participants using this program.
How much more will the solar power cost me?
You can expect to pay only a small amount more. Understanding that initial projections are based on time of year, weather, sun hours, and other conditions. Initial estimates are that each block of solar power will cost an additional $27.25 yearly, or an average of $2.27 monthly, or simply approximately 1 cent more per kWh for solar power than for standard power.*
Is there a contract?
There is no contract. You can discontinue your solar energy commitment at any time by talking with a GreyStone Member Services Representative either by phone or in person. If you leave the program, you may have to be placed on a reservation list to participate again should no blocks be available.
How will I know if I am enrolled in the program?
You will receive a welcome letter from GreyStone informing you that you have been enrolled and when you expect your block(s) billing and solar electric generation to begin.
If I move, can I keep my GreyStone Cooperative solar subscription?
Yes, if you are moving to another location that is served by GreyStone.
Can solar pricing change in the future?
If any changes take place, you will be informed at least 30 days in advance. Since you are not obligated to a contract, you will always have the option to discontinue your participation by simply calling GreyStone.
*Your actual results will vary depending on factors such as weather, usage and the month of the year.