When it comes to solar energy, Texans do things big. The total installed solar capacity in Texas is expected to more than double over the next five years.1 Even better? The cost of solar has decreased by about 40% over the past five years. And with programs like community solar, you can join the solar movement with minimal effort. So how does it all work? Glad you asked.
Traditional community solar versus Go Local Solar
In a traditional community solar program, you subscribe to a share of an offsite solar park and receive credits on your bill for your share of electricity generated by the park.2 Your share of electricity from the solar park may be more or less than your energy usage in a given month.
With our Go Local Solar plan, Green Mountain purchases power and Renewable Energy Certificates (RECs) on your behalf from solar parks in Texas. The RECs and power purchased over the course of a year match your annual energy usage, which means that 100% of your home’s electricity use is from solar parks in Texas.
Why you’ll love Green Mountain’s Go Local Solar plan:
Green Mountain matches the energy use of your home with the purchase of Texas solar Renewable Energy Certificates to ensure that 100% of your electricity use is offset with an equivalent amount of solar generation in Texas.
Ready to put the sun to work? We’ve made it easy to purchase solar energy from one of our offsite solar parks without installing solar panels on your roof.
When you sign up for Go Local Solar, Green Mountain purchases both power and Renewable Energy Certificates (RECs) from a Texas solar park through a Power Purchase Agreement. Power Purchase Agreements are a widely used tool to finance and build new renewable energy projects.3
Third-party studies show that large-scale solar is now cost-competitive with traditional forms of power generation.4 This means that you can purchase solar energy at a cost similar to traditional electricity plans.
Ready to go solar and help grow solar in Texas? We have you covered with our Go Local Solar plan.
1 Solar Energy Industries Association, Solar Spotlight – Texas, 2018, https://www.seia.org/sites/default/files/2018-12/Federal_2018Q3_Texas.pdf
2 Smart Electric Power Alliance, Community Solar Program Design Models, 2018, https://sepapower.org/resource/community-solar-program-designs-2018-version/
3 Infocast, Why a Renewable Energy PPA is One of the Most Powerful Tools in Your Sustainability Toolbox, https://infocastinc.com/market-insights/solar/why-a-renewable-energy-ppa-is-one-of-the-most-powerful-tools-in-your-sustainability-toolbox/
4 Lazard, Levelized Cost of Energy Analysis Version 12.0, 2018, https://www.lazard.com/perspective/levelized-cost-of-energy-and-levelized-cost-of-storage-2018/