April 24, 2020

Summit Ridge to Contribute $150,000 in Power Bill Assistance to 6,000 Illinois Households During COVID-19 Pandemic

Global Renewable News

Summit Ridge Energy (SRE) announced today (4/23) a commitment to support Illinois residents facing economic uncertainty caused by the COVID-19 pandemic by offering increased savings to anyone who subscribes to an SRE community solar project through Arcadia. The contribution is an extension of Arcadia’s Good Energy initiative, providing nationwide assistance for current and new members of Arcadia with their power bills.

“Every household has an energy bill that comes due each month,” said Summit Ridge CEO, Steve Raeder. “SRE wants to do its part during these challenging times by providing extra financial assistance for thousands of homeowners and renters, who by signing up to do community solar projects not only reduce their electricity bill, but also help support one of the nation’s most prolific job creation engines – the clean energy economy.”

“Building a clean energy future is going to take all of us, and millions of households across the state are re-examining their costs,” said Kiran Bhatraju, Arcadia CEO. “No one should have to worry about their utility bills right now. Lowering the barrier to entry for clean energy access has never been more important and we’re grateful for Summit Ridge’s contribution of additional savings for new Arcadia members who sign up for Illinois community solar.”

Starting on May 1, 2020, SRE will provide a $25 credit to the first 6,000 customers that subscribe to an SRE community solar project through the Arcadia platform, adding to the significant annual savings already realized by purchasing solar bill credits.

The community solar model allows customers to receive credits generated from remotely sited photovoltaic (PV) systems, eliminating the need to install panels on a customer’s residence while still providing savings.

Current Arcadia members in Illinois who need financial assistance or want to help contribute can request help or provide assistance through Arcadia’s Good Energy initiative. For long-term financial assistance, visit your state and/or utility energy assistance programs.

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