LSC has signed a contract with Willy Street Grocery Co-op to add 20 kilowatts of solar to the roof of their east side store (on Willy Street), as well as 214 LED lamps to replace the fluorescents now being operated for 15 hours a day. Between the LED retro-fits and the solar, we plan to save Willy Street over 40,000 kilowatt-hours per year in MGE-supplied power.
We are investing $6000 into LED lighting to replace all of the overhead fluorescent bulbs.
This will result in over 33 metric tons of carbon-dioxide avoided emissions per year, and over 25 years roughly 20 million gallons of water conserved! You can take part in this exciting project by becoming a member of Legacy Solar Co-op and investing in solar bonds to capitalize this project. Bonds pay between 3.0% and 5.0% interest for terms of 7- and 25- years.
The longer of the two pays higher interest and becomes a Legacy bond holding that can be included in estate planning for future generations.
Please support our co-op’s efforts and help turn back our electric meters and reverse the climate change effects of burning fossil fuels.
Take action today by pledging to support this project and download the bond disclosure packet now. Bonds may be purchased in person by appointment, or online starting this summer!
Slice-of-Sun Solar Bonds
Legacy Solar Co-op is now selling Slice-of-Sun Solar Bonds to any member who would like to support a Solar Legacy project and earn between 3% and 5% interest on their bonds purchased through the co-op.
These bonds help secure the solar project and can either be cashed in after 7 years, rolled-over into a Legacy term (25-years), or can be donated at any time as a tax-deductible donation to a participating non-profit host site for a solar project. For example, a local church is currently enjoying a portion of the energy savings (over $3,000 a year), but the more bonds the Church owns, the more energy savings they get to keep for their own parish’s budget. Everybody saves and earns and benefits from the good that is being done thanks to the solar project.
You can buy Slice-of-Sun Solar Bonds that earn interest for as little as $250. Or you can sponsor as many full solar panels as you’d like for $500 each. Sponsorship can be direct donations to a participating non-profit or through the purchase of bonds that are then gifted to the non-profit of your choosing.
The two rules for purchasing a solar bond
You must be:
- A member of the Legacy Solar Cooperative, and
- A Wisconsin resident.
These are required to comply with State and Federal Statutes governing this type of business transaction. Becoming an equity member of the Legacy Solar Co-op means you are an owner of the Co-op, and qualify to buy bonds issued by the Co-op to serve the Co-op’s business interests. These interests lie in developing more and more solar projects to serve our members and share in the energy and environmental savings that come with solar and energy efficiency.
Ready to get started?
You will find more information and instructions. If you have any questions at all, please contact us.