Condo Media - June 2020 - 53
The direct ownership option requires
the community to raise funds to purchase upfront the solar array equipment
including buying or leasing the solar
array land and paying all maintenance
expenses. There are a small number
of Maine firms currently assisting
communities to manage this type of
project. The regional power companies
(i.e. Central Maine Power and Emera
Maine) are required to track the power
generated by the CSF arrays and apply
a credit each month to unit owners'
electric bills. As an example, if the unit
owner has a 15 percent share of a 20,000
kilowatts-hour/month solar array, then
the unit owner's bill would be credited
a 3,000 kilowatts bill reduction. It is
estimated it may take up to nine years
for the initial investment to be paid off.
After that, only service charges will be
incurred. If an owner moves, the shares
can be transferred if the owner remains
in the same electrical region. Also, the
owner can sell the shares.
The subscription service option does
not include ownership of the solar array but avoids upfront investment and
requires a monthly participation fee to
immediately receive lower electrical
rates (approximately 10 percent). This
option therefore has a lower potential
long-term saving with reduced commitment. As mentioned earlier, this option
will be available next year with more
rules to follow.
If climate change and burning fossil
fuel in the future bothers you and you
have been asking what your community can do about it, Maine condominiums and HOAs have new possibilities.
You will need to do some research and
seek knowledgeable sources of information. There is a solar power future
in Maine about to dawn. Will you be up
to see it?
Practicing Condominium
Association, Real Estate, Litigation,
Employment & Bankruptcy Law
Attorneys left to right: Dan López, David Chenelle, Rob Anctil, Scott Eriksen, Charlie Perkins, Jr., Rhonda Duddy, Kim Alley.
Solving your problems today and
strengthening your association for tomorrow.
We bring the knowledge that we have
obtained from decades of experience of
representing more than 750 associations
to each client's concern.
6 Lyberty Way, Suite 201 | Westford, MA 01886 | Tel (978) 496-2000 | info@perkinslawpc.com
American Properties Team, Inc.
* Over 40 Years experience in all aspects of real
estate property management
* Large enough to offer in depth service, yet sized
to provide personal attention
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Contact us today
■ JACK CARR, P.E., RS, LEED-AP,
IS SENIOR VICE PRESIDENT WITH
CRITERIUM-ENGINEERS IN PORTLAND,
www.aptcondoteam.com Phone: 781-932-9229
Email: info@aptcondoteam.com
MAINE, AND A MEMBER OF THE
CONDO MEDIA BOARD.
June 2020 CONDOMEDIA
53
Condo Media - June 2020
Table of Contents for the Digital Edition of Condo Media - June 2020
Contents
Condo Media - June 2020 - Cover1
Condo Media - June 2020 - Cover2
Condo Media - June 2020 - Contents
Condo Media - June 2020 - 2
Condo Media - June 2020 - 3
Condo Media - June 2020 - 4
Condo Media - June 2020 - 5
Condo Media - June 2020 - 6
Condo Media - June 2020 - 7
Condo Media - June 2020 - 8
Condo Media - June 2020 - 9
Condo Media - June 2020 - 10
Condo Media - June 2020 - 11
Condo Media - June 2020 - 12
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Condo Media - June 2020 - 19
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Condo Media - June 2020 - Cover3
Condo Media - June 2020 - Cover4
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202307
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201912
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201911
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201911_v2
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201909
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