Neighborhood Funds Solar Plant

Residents of a Prince George’s County neighborhood are tacking solar panels on the roof of a local church and expecting to reap more than $50,000 in the first year from the effort.

UNIVERSITY PARK, Md. (AP) – Residents of a Prince George’s County neighborhood are tacking solar panels on the roof of a local church and expecting to reap more than $50,000 in the first year from the effort.

The University Park Community has created a limited liability company _ University Park Community Solar LLC _ for investment purposes and hired Standard Solar Inc. of Gaithersburg to blanket the Church of the Brethren’s south-facing roof with solar panels.

The $130,000 project will help power the church and generate more than two dozen clean energy credits, which investors will sell to utilities at about $250 a pop _ or roughly $7,000 in the first year.

“We believe that this is the first financial arrangement of this type in the country,” said Lee Bristol, cofounder of Standard Solar. Plenty of businesses have installed solar panels on “host” buildings, but neighborhood programs typically involve single-panel installation on individual homes, he said.



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