Pledged of $80000 Goal
Days To Go
Benefits of Contribution
Free MembershipFree Membership to the Ottawa Solar Co-op. This membership allows you to follow along with the progress of this and other projects.
Paid MembershipVoting Membership to the Ottawa Solar Co-op. This membership allows you to attend and vote in co-op meetings. This also allows you to invest in all Ottawa Solar Co-op projects
Single Investment ShareA total of 800 shares will be sold to fund this project. All shares are of equal rights, and entitle you to dividends in the project once it begins payment.
This is a sample project to give cooperatives an Idea of what they can do on our platform. Do not contribute to this project, IT IS NOT REAL
The Ottawa Solar Co-operative has been operating since June 2010. It has successfully completed 2 solar projects to date, contributing 50kW back to the Ontario Grid. You can learn more at our website http://OttawaSolarCoop.ca
The Ottawa Solar Co-Op (OSC) is planning a 10kWh solar project on donated land in southern ottawa on leased land. The region averages 1200 hours of sunlight per year. The expected Feed in Tariff rate for this project is 72.2cents per hWh for 20 years. Therefore, the project is expected to generate roughly $8500 per year in revenue, with an approximate maintenance cost of 500$ per annum. The cost of Given the $80,000 cost of installation, it is expected that this investment will produce an ROI of 10% the day it goes active.
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Installation and Regulatory Filings
Installation and regulatory filings will be sub-contracted the regulatory filing and installation of this project to Local Solar Inc. LocalSolar.ca. Local Solar has 10 years experience in the region of installing solar projects in the region, and has given its estimate for the project at a fixed $80,000, where any overages will be covered by Local Solar.
Phase 1: Project application and approvalIn this phase, the project will go through all applicable regulatory filings. If the project does not surpass this phase, all funds will be returned to investors, less the cost of this phase. Phase 1 will last approximately 10 months.
Phase 2: InstallationIn Phase 2, after all regulatory approvals have been obtained, the project will be installed immediately. At this point, all investment funds are locked into the project. Phase 2 will last approximately 4 months.
Phase 3: Ongoing Maintenance and RevenuePhase 3 will last approximately 20 years. In this phase, revenue from feed in tariffs will be obtained. A small portion each month will be withheld to allocate for maintenance costs, and all investors will begin to receive dividends.
- Free Membership: Non voting Membership to the Ottawa Solar Co-op. This membership allows you to follow along with the co-ops progress, as well as show your support for the co-ops progress.
- Paid Membership: Voting Membership to the Ottawa Solar co-op. This membership allows you to attend and vote in Co-op meetings. You will be able to invest in co-op projects.
- Investment: Single share in this project. A total of 800 shares will be sold. There is no limit to the number of shares that you can purchase. Each share will receive a monthly dividend based on the amount of Revenue from the feed in tariff. Note: this requires paid membership