An Individual Household Investing in Solar Panels
Hannah loves the idea of investing in solar panels for her home in Canberra. Hannah believes in community working together.
“”To be honest, it’s a bit confusing and gives me a headache thinking about the options. It takes a long time to understand the different offers and panel types. I want a simpler way. I want to show my kids how to look after the world we live in.“
Hannah discovers that by joining the Prepower One Cooperative she can expect to save approximately $1,700 per year based on an investment on solar panels purchased and installed by the Cooperative of around $7,500.
Her savings will continue for at least 20 years.
“If my neighbours benefit while I am saving money why wouldn’t I sign up to Prepower One?”
Membership value for Hannah
The value to the Hannah is in her savings on consuming power; that the Cooperative manages the installation and take on the risk for the panel assets. Hannah has the right to purchase future electricity from the panels; and benefits from being a member of the Cooperative.
Hannah’s savings are divided between consumer members, investor members and in the cost of running the cooperative. About $700 in value goes to the investor, $700 in value to Hannah as the consumer and $300 to operate the cooperative including maintenance on the panels on Hannah’s home.