Owen Electric Joins with Other Co-ops to Dedicate 60-acre Solar Farm
Owen Electric Cooperative celebrated the startup of a 60-acre solar farm that allows co-op members to participate and receive the benefits of solar energy.
Cooperative Solar Farm One features more than 32,000 solar panels and can generate enough power to meet all the needs of 1,000 typical Kentucky homes.
“Cooperative members have said they want options for renewable energy for their home or business,” said Jude Canchola, residential services manager. “Now, they can license solar panels from Owen Electric and receive the benefits of solar power without the hassles of private solar.”
Owen Electric and the 15 other electric co-ops of Kentucky’s Touchstone Energy Cooperatives partnered to build the not-for-profit solar farm, which is located next to Interstate 64 between Lexington and Winchester. The panels will be operated and maintained by the electric co-ops.
For a one-time payment of $460 per panel, participating co-op members will receive a 25-year license. They will get credit on their monthly power bill for the value of the energy generated by their share of the solar farm.
Co-op members can license enough panels to offset their average annual electric consumption. And they can monitor panel performance online.
For more information and to sign up, visit www.CooperativeSolar.com.