CFU Provides a Simple Way to Invest in Solar
on Monday, August 29, 2022
CFU customers who are interested in investing in solar panels may find CFU's Simple Solar Garden a more attractive alternative.
Simple Solar is a community solar project built and maintained by CFU near Prairie Lakes Park.
The project offers a flexible and affordable way to invest in clean energy without the high upfront capital costs, ongoing maintenance or concern about salvage value.
"Customers who invest in Simple Solar units enjoy benefits similar to a rooftop solar installation but can do so without maintenance or commitment," says Matt Hein, CFU Energy Services Manager.
Simple Solar units can transfer with other utility services if you move within Cedar Falls.
As customers move out of CFU's service territory, CFU buy units back. Those units then become available for purchase again on a first-come, first-served basis.
Customers receive a monthly bill credit based on the energy output for each unit purchased.
CFU customers who wish to purchase Simple Solar units for 2023 must sign up by November 1.
The purchase price for available units in 2023 is $158 per unit and will be added to your January 2023 bill. Credits will begin on the February bill.
Contact Energy Services at 319-266-1761 or firstname.lastname@example.org by November 1 to sign up.
To learn more about the Simple Solar garden and for a list of frequently asked questions, visit cfu.net/solar.