On June 14th, Sol Systems’ CBO, Sudha Gollapudi, is slated to testify before the Committee on Public Services and Consumer Affairs on behalf of a recently proposed solar bill. The bill, titled “The Community Renewables Energy Act of 2012,” will provide DC residents with the ability to purchase a portion of an off-site solar system.  The electrical generation associated with their portion of the solar system will be reflected in their monthly utility bill, leading to net energy and fiscal savings over time.  Known as virtual net-metering, this method allows anyone to reap the energy benefits associated with owning a solar installation.

If passed, the bill may revolutionize the current DC solar landscape.  Many DC residents do not have the ability to construct solar installations because they are apartment tenants, renters, or their house is constantly shaded.  This bill provides them with a chance to join together in an effort to reduce their environmental impact and save money.  Today, DC solar is limited to only those whose rooftops are large enough and in the right location to support an installation.  The Community Renewables Energy Act of 2012 aims to make solar much more equitable, giving everyone a chance to experience the benefits linked to owning a renewable energy system.

Sol Systems will continue to track the progress of this bill.  Please check out our blog for further updates.  You can also read more about the bill here.

Sol Systems currently offers three types of SREC agreements for DC solar systems (both photovoltaic and solar thermal): Sol Annuity, Sol Brokerage, and Sol Upfront.  Please email info@solsystemscompany.com or contact your solar installer for more specific pricing.

About Sol Systems

Sol Systems is a solar energy finance and development firm that was built on the principle that solar energy should be an economically viable energy solution.  With thousands of customers and hundreds of partners throughout the United States, Sol Systems is the oldest and largest SREC aggregator.  We provide homeowners, businesses, solar installers, and developers with sophisticated financing solutions that help make solar energy more affordable.  Sol Systems also helps energy suppliers and utilities manage and meet their solar RPS requirements efficiently by providing them with access to diverse portfolios of SRECs.  For more information, please visit http://www.solsystemscompany.com.