Victory Electric residential members have the opportunity to participate in the generation of solar energy without the expensive installation of solar panels and electrical equipment, or the worry of maintenance and damage. Victory has secured shares of Johnson Corner solar farm in southwest Kansas for its members to purchase with no long-term commitments. Members may subscribe to shares in 125 kWh blocks up to the maximum of their home’s average energy consumption.
In addition to feeling good about producing clean, carbon free energy, members may also benefit from their solar investment. Just as a rooftop solar system, the efficiency of a solar farm is dependent upon several factors. As the solar farm does well compared to the wholesale energy market, members may see a positive return from their participation in the program. At other times, when market conditions are not favorable for solar production, members could incur an additional charge in the form of a renewable energy adjustment. Market conditions can vary, and there’s no guarantee of a positive return. Every member is encouraged to study the program carefully before signing up to participate. PowerMyWay and Budget Billing members and those with a Net Metering Rider are not eligible.
Why Community Solar?
One contract, no large initial investment, and no maintenance costs! The flexibility of community solar is a great option for members interested in solar generation but not the ownership hassles of their own system:
-
Participating in Community Solar allows subscribers to avoid the upfront cost, hassle, and maintenance of rooftop solar.
-
Nothing is installed on your roof and no adjustments are made to your service.
-
If a subscriber moves to a new house within Victory’s service territory, their subscription may transfer to their new service. Certain restrictions may apply to the transferability of your subscription. Please contact our office to inquire about the transferability of your subscription.
-
Members have the flexibility to unsubscribe from the program at any time.
-
Work with your trusted energy partner throughout the whole process.
How does the program work?
Residential members of Victory can choose to subscribe to the Community Solar program at a cost of $5/share (equivalent to 125 kWh) per month. Community Solar subscriptions will be in addition to members’ monthly energy bills. In return, on your monthly electric bill, your energy costs will reflect the performance of your subscribed number of solar shares. This is based on the amount of power generated by Johnson Corner Solar Farm and the market revenues from the power sold into the energy market, each month. You will see a monthly charge on your statement as shown below.
Victory members can subscribe on a first-come, first-served basis beginning November 1, 2023. Subscriptions will be applied to accounts starting in December of 2023 and will be reflected on bills beginning in January 2024. Subscriptions implemented after that time will be applied to the first day of the next billing period. All subscriptions must be completed online. Members can unsubscribe from our Community Solar program at any time by completing the online form. Cancellation of the program will not occur until the last day of the month due to billing constraints. Once unsubscribed from Community Solar, members cannot participate in the program for one year. We are happy to answer any questions you may have, please call our office at 620-227-2139.
Impacts on market electricity.
Many factors can impact the price of market electricity. Fuel costs, transmission congestion, consumer demand, weather, natural disasters and supply chain issues are just some of the factors that can contribute to the cost of electric energy. You must be aware how these may impact your investment in solar shares and what could cause a steep increase in your electric bill if the adjustment in not favorable.
2022 Market Conditions for Solar Generation
.png)