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Renewable Energy

 

 

BEMC has been working with renewable energy for several years, learning how best to integrate solar and other renewable
energy sources into our power mix. It’s been quite a journey and there are exciting times ahead as we move to a cleaner,
greener world. As always, you can count on BEMC to provide solid information about your energy options.

Through our affiliation with GreenCo Solutions, a statewide organization of co-ops, we access energy from  large-scale
renewable projects and energy efficiency programs to help us meet the NC renewable energy mandates. This helps
balance our mix of generation sources. (Please visit the What's New in Energy page to see the latest news.)

We offer resources to help you evaluate and decide what renewable or energy efficiency projects might work best for you
and your family.  Renewable energy sources include solar, wind, water/hydro, biomass and geothermal, with solar
the most popular for residential installations in our area. Renewable systems require considerable investment, and only
you can decide if the benefits are right for you.

First and foremost, BEMC emphasizes safety for you and for our employees, maintaining the reliability of the power
grid and operating with fairness to all members. For solar in our area, there are two options, traditional rooftop and
community solar. Each has its benefits: Click the links to learn more about each type:
 

BEMC COMMUNITY SOLAR

INDIVIDUAL ROOFTOP SOLAR

You get the benefit of clean energy generation

You get the benefit of clean energy generation

You own a share of the system's energy output

You own the system

Investment on a per panel basis - you decide
what suits your budget and needs

Investment can be considerable
($15,000 - 30,000+)

Nothing installed on your property, so it works for
renters, condos, businesses, multi-family, etc

Must have a suitable location

Buyer signs basic contract for purchase of the
panel output for a fixed period (through 2036)

Requires compliance with utility's interconnection
policies and contract

No zoning or homeowners association issues

Possible zoning issues or
homeowners association restrictions

Maintenance handled by the co-op/builder

Maintenance is homeowner's responsibility

Co-op monitors operation to maximize production

Maximizing production is homeowner's responsibility

Credit for your share of output credited on
monthly bill at current retail rate for kWh

Net metering credit on monthly electric bill

Financing available for 12-24 months

Financing through loans or self-finance

Purchase agreement for project for a fixed period
- through January 2036

Expected system life 25-30 years

Payback period approximately 18 years
at current retail rates for kWh

Payback period varies with investment required,
tax credits received, other expenses

No tax credits for the buyer

You receive any federal or state tax credits
see www.dsireusa.org

If you move within the co-op service area,
credits transfer with you

Ownership may be transferred upon sale of home

If you leave the co-op service area, ownership interest
may be sold back to the co-op

May add to your home's value for the right buyer

RENEWABLE ENERGY - GENERAL INFO:

- NC Solar Fact Sheet

NC Wind Fact Sheet

U.S. Dept of Energy, Office of Energy  Efficiency and Renewable Energy

NC GreenPower

The NC Clean Energy Technology Center:  
a clearinghouse for solar and other renewable energy programs, information, research, technical assistance and training, located at
NC State University.

Cape Fear Chapter of the US Green Building Council: Seeks to bring together professionals
in our area in the building industry, including architects, designers, contractors, builders, realtors, and developers, and concerned members of the general public.

 

 

 

 

 

 

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