This is the story of how the Shoalhaven community came together through community-owned company Repower Shoalhaven to raise $120,000 in 10 days and install solar panels on the roof of the Shoalhaven Bowling Club.
Shoalhaven Bowling Club is at the heart of the Shoalhaven Community. It has 3192 members, three bowling greens, a top bistro, bar and function venue.
With energy bills at over $11,000 per month, the club was looking for a way to reduce costs as well as source clean, locally generated energy.
At the same time there was rising demand from locals to invest in local solar power businesses, but they had no opportunity to do so.
In 2013, Repower Shoalhaven – an association that develops community renewable energy projects – reached out to the Shoalhaven Bowling Club and the local community to create the Repower One Community Solar Project.
At 99 kilowatts, the project would deliver the country’s largest solar power system owned and funded by the local community.
A total investment of $119,800 from 19 community members was raised in 10 days and 12 solar panels were installed on the roof of the club.
For the business – Shoalhaven Bowling Club
- Power bills were lowered without any upfront cost and the club saved $4000 in the first month.
- Over 10 years it is estimated that $300,000-400,000 in power bills will be saved.
- The Club is using local clean electricity.
- At the end of the 10 year contract term, the club will be gifted the solar power system
"We have lowered our power bills without any upfront cost. We saved $4000 in the first month."
For community investors
- The projected rate of return on investment is 7.86% per year over the contract term.
For Repower Shoalhaven
- The project demonstrates the success of this pioneering business model.
- It paves the way for the company to roll out the model for other local businesses.
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Page last updated: 10 December 2015