You’re all for clean energy and its cost savings. You’d like to put up solar panels, but…
Your roof is too shady, too old, or facing the wrong way?
Your roof is covered with vents or equipment, so there’s no room for solar panels?
You don’t own your roof, because you rent?
You’ve already put up solar panels… and you’d like to do more?
No worries! Now you can get all the benefits of solar, without putting it on your own roof. The Oregon Clean Power Co-op lets you invest in a solar project in your community, instead of on your own roof.
Here’s how it works:
- Select a project from our list of current projects (or suggest one of your own).
- Review the disclosures (Offering Memorandum) for the Co-op and for the project you want to help fund. Click on the project on the map to find them. Or we can email or snail-mail them to you.
- To join the Co-op and invest you must be an Oregon resident, and a member of Solar Oregon. (If you’re not already a member, you can sign up when you join the Co-op).
- The minimum investment is $1,000. You may not invest more than 10% of your liquid net worth. Liquid net worth is generally defined as that part of an individual’s net worth that can be readily turned into cash. Please contact your financial advisor for more details. (Accredited investors are exempt from this limit).
- To invest in a project, email us your:
- Phone number
- Social Security # (for tax purposes)
- Project you want to invest in
- Amount you’d like to invest (multiples of $1,000 only)
- We’ll email you a copy of the Offering Memorandum that can be signed electronically.
- Send us your check for the amount of your investment, plus $75 for the membership fees ($50 for a lifetime Co-op membership, $25 for Solar Oregon membership). Please note on your check what project you want to help fund.
- Returns and payback periods will depend on the specific project. See the disclosures for full details.
- We will hold your funds in an escrow account, until we have all the money needed for the project. If we don’t raise the money within a specified period, usually 12 months, we’ll return your money, with interest.
- Now, come watch your project being built, and know that you are doing something good for your community, your planet… and yourself.