Solar shares. A new IPO? Not quite. The idea behind solar shares is that residents can invest in "shares" of a solar array built on top of a state owned building. In Ashland, Oregon, shares run for $1000, and the revenues produced by the solar array is deducted from the energy bill of the 'shareholder'. With individual residential purchase and installation of solar panels for powering a home still on the expensive side, this collective approach looks like a more affordable and easy way to incorporate solar energy into your day to day life.
-via Treehugger
Comments (2)
That is such an awesome idea considering that actually getting solar panels for a home can cost $5-10k. This makes it quite a bite more obtainable for everyone.
If your interest in this venture is for the financial returns, I'd strongly suggest reading the full description on the city's site.