Energy co-ops are collectively owned energy assets which could be a wind farm, solar park or any other renewable energy source. Using a cooperative model that facilitates collective ownership, single projects can have tens, hundreds or thousands of people investing and owning their own piece.
The reality is similar to owning your renewables without the need to fit, maintain, pay for and worry about transporting if you were to move home. Instead, you can enjoy savings on your energy bills thanks to the investment you made for your home.
One of the Fantastic things about co-operative energy is that people own the energy assets, placing local people at the heart of the renewable energy transition.
This means all those who invest and get involved can tangibly act on climate change in a way that's simple and easy to understand. You can have your own solar, wind or hydro generator powering your home without them taking up space on your roof or in your garden, and there's no costly installation or maintenance to worry about. A long-term benefit is that your ownership is transferable if you move home or If the worst was to happen, you can leave it to your family.
Instead, members of energy co-operatives enjoy all the benefits of renewables powering their homes, with all servicing, maintenance and insurance included, and none of the drawbacks of private ownership!
This alongside saving money, is one of the main motivations for people joining a community energy group or switching to our Community Power tariff.
