Renewable Energy Solutions for Nolin Members
Nolin members will soon have an opportunity to invest in renewable energy through our wholesale power provider, East Kentucky Power Cooperative (EKPC). A request from EKPC has been approved by the Kentucky Public Service Commission (PSC) to construct an 8.5-megawatt solar project in Clark County, Ky.
The cooperative solar installation will be located next to EKPC’s headquarters facilities, adjacent to Interstate 64 and U.S. 60, about two miles east of Fayette County. With more than 32,000 photovoltaic panels covering 60 acres of land, the installation would be one of Kentucky’s largest solar farms.
This project is unique in that it allows members the option to invest in renewable power without the worry of complicated logistics or the high installation costs associated with home solar panels.
Here’s how it works: Nolin RECC members, and other participating electric distribution cooperatives on EKPC’s system, can purchase a license for a portion of the solar project’s generating capacity. Each license fee (one fee for each solar panel) will cost $460. Participating members would receive credits on their monthly electric bill for the value of the energy from their proportional licensed share. Licenses will be valid for 25 years.
EKPC hopes to complete construction of the solar farm by late August – we’ll continue to keep you posted as they move along with this project. In the meantime, consider making an investment in the new not-for-profit community solar farm. Visit cooperativesolar.com for more information.