Want to invest in solar power in your community? Want solar power but live in an apartment? Got a sunny rooftop, but can't afford solar panels? Solar co-operatives have popped up across the country to let anyone and everyone share the local benefits of solar poweA man installs solar panels on the roof of Conexus Credit Union's North Albert branch in Regina in 2019. The project was paid for by investors with Wascana Solar Co-op, who are now making money from the power it produces.
They use the revenue from the sale of solar energy generated to pay back the investors and earn a return over time. That includes participation by those living in multi-unit residential buildings; those who can't afford the upfront cost of solar or those whose location isn't suitable for solar because of a lack of sun or other problems.because of economies of scale, help make the grid more resilient and reduce "line losses" that leak away power when it's carried over long distances. He added that local benefits can encourage communities to support renewable energy projects.
Solar Share was founded in 2010 and has raised more than $80 million from 2,200 members for 51 solar projects around the province, from Temiskaming to Ottawa to St. Catharines, Caners said. Together, they have and earned $53 million in revenue , found more than 10,000 initiatives involving more than two million people had invested 6.2 to 11.3 billion euros to install technology that would produce 7.2 to 9.9 GW of renewable energy.
In response, Boucher decided to start an umbrella group to support them — Community Energy Co-operative Canada.But there are ways governments can make things easier.