Guelph Renewable Energy Co-operative

Are you ready to invest in solar power?
Please click on this survey – we need critical information from our members
Please respond to this survey through this link:
https://www.surveymonkey.com/s/FGSBRKV
Deadline: 5:00pm, Tuesday, March 31, 2015
This will only take a couple minutes. Please use this survey to tell us about your interest in investing in our new solar power projects. We need to hear from you in the next few days. Our co-op has more members than the number of available investment bonds, so we are conducting this poll to gauge interest. If the number of interested co-op members exceeds availability, a lottery system will be used.
Preliminary details on the investment are below (more to follow at the AGM). Please read the overview and respond to the questions in Survey Monkey by 5:00pm, Tuesday, March 31, 2015.
Preliminary Investment summary:
Guelph Solar Community Co-operative (operating as Guelph Renewable Energy Co-op is about to begin construction of two rooftop solar projects in Guelph, located at:
2 Airpark Place (110 kWp)
218 Silvercreek Parkway N (300 kWp)
A total of $165,000 in co-op equity is required for these projects. Members of the co-operative will have the opportunity to buy one of 33 community bonds (@ $5,000 each) to support these projects.
Bonds will have a 20-year term. 5% of principal will be paid back annually each year starting at the end of year one.
The bonds will pay the following interest on the outstanding principal balance:
Years 1 through 5
5.0%
Years 6 through 10
7.5%
Years 11 through 15
10.0%
Years 16 through 20
12.5%
The average return on outstanding principal is 7.26%
Bonds can be transferred after 5 years provided replacement member equity is available (the stepped interest rate is expected to facilitate future bond transfers).
Please respond to this survey through this link:
https://www.surveymonkey.com/s/FGSBRKV
Deadline: 5:00pm, Tuesday, March 31, 2015