MACED to Invest A Half Million Dollars Toward Solar in Letcher County

The Mountain Association for Community Economic Development (MACED) is working with four organizations in Letcher County to finance installation of solar on their buildings in 2019.

The four community-led organizations in Letcher County include Hemphill Community Center, Kings Creek Volunteer Fire Department, Housing Oriented Ministries Established for Service, Inc. (HOMES, Inc.), and Appalshop. With utility rates on the rise in Eastern Kentucky, the solar installations support the sustainment of each organization’s critical mission to provide resources to Eastern Kentuckians.

The organizations are part of the Letcher County Culture Hub, a growing network of community-led organizations in Letcher County who work together to create new opportunities. The Hub has worked together to bring solar to Letcher County, collaborating to get bids from potential installers, learn about financing options, and execute projects. HOMES Inc is expected to be the first to execute their project.

This solar system will be tied into the electric grid under Kentucky’s 2008 net metering stature. Because of that, it is anticipated that the costs of the project at HOMES’ will be recovered within 10 years. A change to the net metering statute is currently being considered by the Kentucky legislature, which could drastically reduce how quickly a solar project can pay for itself if installed after 2019.

Executive Director Seth Long says the solar project is a key part of their efforts to build a brighter future in the region.

“In January 2019, commercial enterprises, churches and other groups saw their electricity bills rise by 30 percent with the rate increase,” Long said. “We are getting ahead of those costs as an organization to sustain our mission of providing affordable housing. Further, we are excited to be an example for others in our region who are interested in solar energy.”

In addition to low-interest financing, MACED has provided technical assistance to facilitate the projects for Hub participants, including system design support, review of contractor proposals, and more.

MACED, along with others in the Hub see improvements like solar and renewable energy installation as a critical part of improving the value of homes and buildings in the region, as well as for downtown revitalization and development efforts. The Hub hopes installations such as these can lead to new job opportunities and a new energy industry in Appalachia.

For more information about MACED, or the solar projects, please contact Ariel Fugate, Communications Coordinator at (859) 302-3868 or [email protected].

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