Homer Alaska - Business

Story last updated at 4:46 PM on Wednesday, February 27, 2013

HEA seeks opinions on commonly owned energy project




Homer Electric Association seeks opinions on the interest of members who might want to participate in a commonly owned renewable energy project.

While preliminary, the idea is that a group of members would share in the cost and construction of a project, such as a wind turbine or solar panel array, that would generate power to be sold back to HEA. Revenue from the sale of energy would be shared among the owners based on the amount of their investments.

Shares in a renewable energy project could be sold in increments of 500 watts, for example, 500 watts for $5,000, HEA said. As with HEA's net metering program, energy produced would first be used to offset the energy used at a member's primary residence. HEA has a survey online at www.homerelectric.com.

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