Austin Energy’s Solar Standard Offer program is a new initiative that aims to encourage local business owners in Austin to adopt sustainable energy practices by installing solar panels. This program not only promotes environmental sustainability but also offers a passive income opportunity for business owners.
According to Tim Harvey, the Customer Renewable Solutions Manager for Austin Energy, this program will have a significant impact on the market. Business owners can either purchase their own solar panels or lease their roof or parking lot space to third-party solar companies. In return, Austin Energy will pay them $0.1124 per kWh for systems under 1 MW and $0.0841 per kWh for larger systems.
For those who choose to lease their space to solar developers, Austin Energy will directly compensate the solar companies, and the business owners will receive a lease payment. For instance, a big-box store like Walmart can generate about 400 kilowatts of energy per hour, earning the owners approximately $45 an hour.
This program aligns with Austin Energy’s goal of becoming completely carbon-free by 2035. Currently, the utility is already 70% carbon-free, and solar energy will play a crucial role in achieving this goal. As Harvey explains, “We’re always trying to get more solar on the distribution grid.”
One of the main challenges in the energy sector is ensuring reliability and affordability. Austin Energy has been working towards addressing these challenges by increasing local energy production. According to Harvey, producing energy at the point of load, where it is being used, is the most logical approach. This not only decentralizes the grid but also makes it more reliable. Additionally, producing sustainable energy locally helps keep prices down.
Austin Energy has been actively promoting solar energy in the area through its Community Solar program, which allows residents to opt for 100% locally-generated solar energy. The Solar Standard Offer program, set to launch in mid-December, will further boost solar production in the area. Business owners can apply for this program on Austin Energy’s website.
In conclusion, Austin Energy’s Solar Standard Offer program is a step towards a more sustainable and reliable energy future for Austin. By incentivizing business owners to adopt solar energy, this program not only benefits the environment but also offers a passive income opportunity. With the increasing focus on local energy production, Austin Energy is on track to achieve its goal of becoming carbon-free by 2035.