Detriot, United States [RenewableEnergyWorld.com] Detroit Edison has introduced a new program that could make installing a solar photovoltaic system up to 50 percent more affordable for home owners and businesses.
Under the pilot program, called SolarCurrents, customers will receive a one-time payment when their system is installed. They then will receive monthly credits on their electric bill for the next 20 years for providing Detroit Edison with renewable energy credits associated with the system.
Solar Currents was developed following passage of the Clean, Renewable and Efficient Energy Act of 2008 — legislation that requires Michigan’s electric utilities to provide 10 percent of their electricity sales from renewable resources by 2015. Detroit Edison expects upwards of 1,500 customers to take part in the SolarCurrents program.
Detroit Edison also plans to introduce a second-phase of the SolarCurrents programs in which the company will install large-scale solar energy panels on customer rooftops or property. In return, Detroit Edison will pay long term leasing or rental fees to the property owners. Further details on the next phase of the SolarCurrents program are expected in the coming months.