VCS is far along in working through legal, financial and accounting issues and will be poised to sign up investors quickly when we get the green light from the County, thereby maximizing the remaining production incentive period. We still plan on offering investment units in multiples of $1,000 (with $1,000 as the minimum).
The County have a mandate to increase their use of renewable energy but they have advised that they will only put the effort into installing community solar if it has the potential to be a large-scale, multi-site program. They are in the process of identifying likely sites and devising template agreements that can:
- be executed as quickly (because of the fixed-term incentive period) as County procedures permit, and
- apply at every site.
The County must obtain approval for each specific site. The discussions are taking rather longer than we would wish, but the excellent site and the ground-breaking nature of the project keep ‘our eyes on the prize’.
Vashon’s project is the furthest along, and has been a helpful prototype to the County for fleshing out various issues. We’re excited at the idea of this positive, public-private partnership and are striving to install the array in time for the long sunny days of summer. Your support will be essential in bringing the project to reality. We thank the hundred-plus people who have taken the VCS survey and encourage everyone else to do so, at www.vashoncommunitysolar.org
Stay tuned!
with gratitude,
Carol Eggen & Bill Moyer
Vashon Community Solar
(A project of the Backbone Campaign)
