We are going to have a large solar panel array on site. This will enable our installation of a Sustainable Energy Utility. This is not going to be entirely owned by us, although we will have a substantial share in the ownership due to our large usage of it.
Because our site plan includes a lot of solar panels on the ground, which are low cost to install, we plan to offload excess energy to our neighbors via an SEU.
Neighbors will pay the city the cost of the energy they are buying from us, measured by meters in the lines, however, the city will disburse payment to our building LLC to compensate us for the cost.
The contracts will be between the city and the neighbors, and between us and the city. This way all problems are clearly ironed out through clarity with governance, instead of creating the opportunity for inter-neighborhood feuds.
We are giving the community an opportunity to become more sustainable without sacrificing profit or community values.
While we hold the capital costs, the SEU allows us to share the risk with the community and guarantee that we are supported. We will work with the City of Ann Arbor to install the first Sustainable Energy Utility in the city, and demonstrate how community-oriented solar energy can be possible and feasible. We will also have a battery on-site for resiliency and ensuring that our residents never experience blackouts. We will use a lot of energy to power all our electric systems, but all the energy will be zero-carbon and generated on site.