Coolamon Shire has signed up to a program that could see community-owned solar power installed on its Allawah Lodge retirement complex.
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Not-for-profit organisation Repower has been contracted to gather investors from the community to join together to buy solar panels.
Coolamon Shire Council, which owns the Allawah complex, will then repay local residents their investment, with interest, via a power purchase agreement.
It is estimated the council will save about $9000 a year.
Community-owned energy is coming to Coolamon Shire with the launch of Repower Shoalhaven’s sixth community solar power project in NSW today.
The Repower project will enable local residents to join together to invest small amounts to buy solar panels for three local council buildings.
This will enable Coolamon Shire Council to lower its energy bills by purchasing clean, community-owned renewable energy at a cheaper rate than grid power – and reduce their emissions at the same time.
The Council will then repay local residents their investment, with interest, via a power purchase agreement.
“Coolamon Shire have chosen Repower Shoalhaven to manage part of our energy needs as we feel their community based business model is a great way to engage and enhance our local communities,” Jason Mitchell, council’s facilities maintenance supervisor said.
