The Sacramento Municipal Utility District (SMUD) announced a new program through which its customers will be able to buy power produced from large-scale solar installations in the region. Under the new SolarShares program, all of the utility's customers, including renters and occupants of multi-unit buildings, will have the option to purchase solar energy for at least 10% and up to 50% of their electricity needs and can subscribe at a fixed, SMUD-subsidized price in increments that match their energy use. To supply the program, SMUD has solicited proposals from solar developers for one-megawatt projects in the utility's service area. The program is designed to complement the utility's existing Greenergy program, through which customers can purchase renewable energy derived from wind, biomass, and solar energy resources for up to 100% of their electric needs.
News Release - Soon Everyone Can Own a Piece of the Sun (PDF 40 KB) Download Acrobat Reader