Sol Systems has partnered with the Mt. Pleasant Solar Coop to ensure the development of clean, carbon-free solar energy in Washington DC. Like many great ideas, the Mt. Pleasant Solar Coop began with a conversation between friends. Motivated by a desire to fight global climate change, two twelve year olds, Walter Lynn and Diego Arene-Morley, wanted people to stop talking and start doing. The two adolescents approached their parents, Anya Schoolman and Jeff Morley. Anya and Jeff took the advice of their children to heart, and the four established the Mt. Pleasant Solar Coop.
“People are motivated by climate change,” said Schoolman, who added that the Coop’s membership is made up of people from different backgrounds, races and nationalities. People want to do their part for the environment, “and they would like it not to be expensive,” she said. The Coop works on the principle that pooling resources will allow more households to take advantage of solar energy, share information, and increase our leverage with the city government and others.
As of now, there are about 200 members in the Coop. The Coop has pushed a clean energy agenda in the two and a half years since its founding, from purchasing compact fluorescent light bulbs and promoting energy audits to directly lobbying the District to enact solar friendly policies. Soon, the Coop hopes to begin installing solar systems on about 45 of its member’s roofs. “Mostly people are really excited about it, but they’re concerned about how much it will cost,” said Schoolman. Sol Systems aims to help the Coop navigate these financing difficulties. By partnering with Sol Systems, the Coop will enjoy a reliable and fair price for the SRECs that their systems produce, as well as assistance with regulatory procedures.
Sol Systems President and CEO Yuri Horwitz outlines the value Sol Systems brings to the Coop, “We’ve built up expertise in helping homeowners register their systems and getting top-dollar for them,” said Horwitz. “We’re ecstatic to be in a position to help our local community, and we look forward to seeing the Mt. Pleasant rooftops lined with solar energy installations.”
Renewable Portfolio Standards require utilities to generate a certain amount of electricity from renewable energy. If utilities cannot meet this requirement themselves, they have the option of either paying the alternative compliance price (ACP) or purchasing solar renewable energy credits (SRECs) from homeowners and businesses with solar systems. Sol Systems helps both register their systems to produce SRECs, and also sells these credits to its energy supplier partners. The revenue is then used to help fund the expense of solar installation.
“Our goal is to get solar on the ground. We help homeowners get the best terms for their SRECs, we think these SRECs are a key component to financing solar energy systems, and we’re thrilled to partner with the Coop,” added Horwitz. “They are a perfect partner for us. They are driven by the ideals we share, and are community oriented. Anya’s work is a real inspiration for us all.”
You can visit the Mt. Pleasant Solar Cooperative at http://www.mtpleasantsolarcoop.org/