This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UES Offering Output Of New Solar Systems Directly To Electric Customers

UniSource Energy Services is unveiling a new program that allows electric customers to buy solar energy directly from two recently completed solar generating systems in Mohave County.

The systems’ combined 1.7 megawatt (MW) output will be sold directly to customers through UES’ new Bright Arizona Community Solar program. Beginning this month, energy from the arrays will be available to UES electric customers in 150 kilowatt-hour (kWh) “blocks” that will add $3 apiece to monthly bills. Customers can purchase some or all of their energy through the program, reducing or eliminating their use of conventional power for an affordable price.

“Electric customers who want to power their home or business with solar energy can now stake their claim to the output of these solar power systems,” said Paul Bonavia, Chairman and CEO of UES and its parent company, UniSource Energy Corporation (NYSE: UNS). “While investing in your own rooftop solar power system is still a great option, the Bright Arizona Community Solar program offers an easy, affordable way to go green by essentially sharing solar arrays with other electric customers.”

For 2012, UES has 1,720 blocks of solar energy available for purchase from two solar systems:

  • The 1.22 MW single-axis tracking photovoltaic (PV) array at La Senita Elementary School in Kingman. The array, UES’ first utility-scale renewable energy system, was built by Tucson-based SOLON Corp. and features more than 5,000 solar panels.
  • A 500-kilowatt solar array developed as part of Western Wind Energy’s integrated wind and solar system southwest of Kingman.

Additional blocks could become available as UES expands its local solar generating resources. The company will invest approximately $5 million this year in renewable energy systems and is currently looking to expand its development in Mohave and Santa Cruz counties.

Because solar power costs more than energy from traditional resources, participating in the program will increase customers’ electric bills – at least for now. Each block replaces an equivalent amount of conventional power at a rate that will remain fixed for 20 years under rules approved by the Arizona Corporation Commission (ACC). That means participants can lock in a steady supply of green power at a price that could generate significant savings if the cost of fossil-fueled power increases.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs