GMP forms residential solar lease partnership - WCAX.COM Local Vermont News, Weather and Sports-

GMP forms residential solar lease partnership

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A Forbes 500 company is coming to Rutland to start a pilot program for community solar leases.

Green Mountain Power announced Monday a partnership with NRG Energy -- the largest solar developer in the U.S. The agreement will provide GMP customers an option to lease solar power, without having to install the panels. The two companies will be building a new solar array in Rutland, and from that -- 50 customers can lease the power.

"Eighty percent of homeowners can't do solar.  And we also found that people who rent apartments can't do solar, so there is a tremendous amount of people, who want to do solar, who love solar, who love the idea of clean energy but can't have access to it," said Jeff Wolfe, a consultant on the project.

GMP officials say that participants are likely to pay less for solar energy than they are currently paying on electric bills, but exact amounts of savings are not yet certain. Construction on the solar array is expected to begin within a year, and additional solar fields will be added given the demand.

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