YEC is shining the light for solar energy use in our area by being one of the first utilities to offer its members the opportunity to subscribe to a community solar farm.
YEC is excited to bring this opportunity to our members. “This is an investment in the future of our community,” says Paul Basha, YEC’s President and CEO. Members who are interested can participate for as low as $130 to start the program. Monthly billing will follow the initial fees at the rate of $12 per kW subscription. Subsequently, participating members will receive a solar credit on their bill at the rate of 10 cents per kilowatt hour (kWh), which will be based upon the amount of energy the farm produces proportional to their kW subscription.
“Investing in clean, renewable energy is important as we grow into the future,” says Basha, “and this gives our members an opportunity to participate without changing the appearance of their homes, upkeep, and costs of installing their own panels.”
Many of YEC’s members have concerns regarding installing panels on their home because of permitting and HOA regulations. Always looking out for our membership, we see this not only as an investment in the future of energy, but as a way to accommodate the needs and expectations of our membership.
YEC has proudly served the areas of York, Chester, Cherokee and Lancaster counties for 75 years and has grown to include more than 58,000 member accounts.
Community Solar programs are being introduced by York Electric and other cooperatives around South Carolina. The state’s 20, consumer-owned, independent co-ops have collaborated with Central Electric Power Cooperative, their jointly owned power supply aggregator, to design solar programs for S.C. co-op members.
Community Solar FAQ (12)
Any YEC member in good standing may participate in the Community Solar program on a first come, first served basis. This excludes residential net metering and Advance Pay accounts.
YEC’s community solar array produces approximately 50 kW per month, which is roughly equivalent to the energy used by 7 average homes in YEC’s service area. However, it is important to note that solar production will vary from month to month based on weather and time of year.
Solar communities are groups of solar panels kept at one location. They offer members an opportunity to invest in solar energy without the cost, hassle, and installation of solar equipment on their home. The return on their investment is shown as a credit on their electric bill.
If the community solar arrays are damaged during a storm, members will receive a proportionate share of the energy produced by any non-damaged panels while repairs are made.
If a Community Solar member moves from one home served by YEC to another home served by YEC, the solar energy subscription moves with the member.
If a member moves out of YEC’s service area, the subscription will terminate; the upfront charge paid upon beginning the program is not refundable.
A member must subscribe to at least 1 kW unit, but cannot subscribe to more than 5 kW units.
While the cost of installing solar panels on a home varies greatly from house to house, YEC has attempted to keep the Community Solar pricing in line with the average cost of putting solar panels on a home.
Members subscribe to the output from YEC’s community solar site for a 20-year period, choosing the number of kilowatt (kW) units for their subscription. One kW unit will produce approximately 150 kWh per month. You can add more kW units at any time, as long as they are available.
When energy production begins, you will receive a portion of the production from the solar community each month, based on the number of kW unit subscriptions on your account.
Members pay a portion of the cost per kW unit upfront, then a monthly subscription fee is charged as a line item on the electric bill. The correlating output of the subscribed kW units is credited back to the member at 10¢ per kWh. Members pay a one-time $30 administrative fee for participating in the program.
- Subscriptions Upfront Charge: $100 per kW
- Monthly Unit Charge: $12 per kW subscription
- Monthly Credit: 10¢ per kWh
- One-time $30 administrative fee
YEC will use tax credits associated with the Community Solar program which are figured into the program’s pricing.
The overall program term is 20 years. The minimum term participation is 2 years, and requires a 30-day notice of cancellation.
Members are subscribing to the energy produced by the solar farm in relation to the number of kW units to which they subscribe.
Fort Mill Solar Panels FAQ (3)
They are Sharp panels and were made in Memphis, Tennessee.
Approximately 50KWH per day (on good days). On a good day, the solar panels will be able to supply the Fort Mill office and also put extra on the grid. YEC is putting all the electricity generated back on the grid instead of tying it back to the office. The panels have the potential to generate approximately half of the office’s use for a year.