Residents of Moorestown, NJ may receive some help with a new community solar project. The township’s council recently discussed the possibility of a new program intended to extend benefits to low- and middle-income residents. More than 230 residents are under consideration for the potential project.
Dimension Solar approached the council with a presentation regarding a pilot program during an Oct. 5 meeting. The solar development company discussed a program that was created through legislation recently passed in the state of New Jersey. Under the proposed new community solar project, multiple residents would draw power from a centralized location. Unlike traditional solar models, which typically involve one home or business, community solar is meant to reach a greater spread of homeowners and local businesses.
The pilot program would accept subscribers, who would be responsible for generating electricity through the community solar facility. In exchange for being part of the program, homeowners would receive a monthly credit on their utility bills. All residents have to do is pay a subscription fee that, Dimension VP Joe Henry confirms, would be less than their typical energy bill. Henry estimates that yearly savings would average $100 to $200 for each resident.
Though the township of Moorestown will have no direct involvement with the new community solar project and won’t be responsible for lowering resident rates, it will directly benefit from the program. Moorestown will see returns in economic development, the community’s quality of life, and property taxes all associated with the project’s creation.
Dimension Solar will be at the frontline of the agreement, but, if approved, the project will be overseen by the Board of Public Utilities. Subscriptions will be handled by a private company and not the town and will offer residents the ability to cancel their agreement without any penalty fees.
Council gave no timeframe on a possible vote, but it did request copies of Dimension Solar’s subscriber agreement to make a well-informed decision. The solar project isn’t the only way Dimension has helped Moorestown. It also recently committed to creating a STEM-based curriculum and creating employment opportunities.