Mountain Parks Electric and Wells Fargo invest in renewable energy
July 29, 2011
Amidst the red and dead beetle kill forest of Shadow Mountain Lake sits something “green” and new and shiny: a solar panel array atop of James and Traycee Pinkard’s roof. It’s their investment in the sun, a safer bet, some say, than Wall Street, but something with significant upfront investment costs.
As the panels made their way to the Pinkards’ rooftop, they learned of Mountain Parks Electric’s (MPE’s) Green Power Program, a program that allows any MPE customer to donate funds to support the development of local renewable energy projects like theirs. The Pinkards filled out a rebate application, submitted it and crossed their fingers.
Two months later, they were awarded MPE’s first local renewable energy rebate – $2,500 for their 8.5-kilowatt panels.
The Pinkards’ system is one of nearly 40 such systems throughout MPE’s service territory. MPE believes that such investment benefits the community.
“Mountain Parks Electric is proud of its Green Power Program,” General Manager Joe Pandy said. “We hope the renewable energy rebates that we are now providing will spur development in the local economy. We hope this rebate is the first of many.”
To date, more than 800 of MPE’s customers – approximately 5 percent – voluntarily contribute as little as 50 cents a month on their electric bills to fund the program. And Wells Fargo of Winter Park recently joined the list of contributors as a corporate sponsor by donating $500 to the program.
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“We strive to bring a greater connection between banking and the environment by serving as environmental leaders in all that we do,” said Branch Manager Aneta Williams.
The Green Power Program provides rebates of up to $2,500 for individuals and $10,000 for businesses and organizations. Applications are reviewed on a quarterly basis by a three-person, volunteer board of MPE customers. The board consists of Alexander Buhayar, Liz McIntyre and Barbara Vazquez.
For more information or to access rebate applications and contribution forms, visit http://www.mpei.com/new-greenpower.