Island Community Solar Cooperative (ICSC) was created in 2017 by members of Energy Solutions for Vancouver Island (ESVI), a non-profit society that promotes energy efficiency and clean renewable energy in the region.
Our roots go back to May of 2015, when ESVI and the City of Nanaimo held a Solar Energy Forum in Nanaimo. This event was attended by over one hundred enthusiastic people aware of rapidly escalating BC Hydro rates and excited by the rapidly dropping price of solar photovoltaic (PV) equipment.
At a follow-up open community action plan meeting held in June of 2015, attendees voiced support to investigate bulk buys of solar PV equipment, initiate a solar co-op to promote residential installs, and initiate a commercial co-op to sell solar PV generated energy and distribute profits to members.
Subsequently, a smaller, dedicated ESVI solar PV subcommittee was formed to develop an action plan. The committee chose to embark on two related community solar PV initiatives, a Solar PV Demonstration Program and the Island Community Solar Cooperative.
To empower individuals and communities in the Vancouver Island region to invest in transitioning towards a distributed renewable energy future by developing local solar projects.
For everyone to be able to participate in making solar power a significant contributor to energy self sufficiency on Vancouver Island.
As a business, ICSC is founded on the Three Pillars of Sustainability – social, environmental and economic benefits.
As a cooperative, we believe in seven key principles:
What We Do
Island Community Solar Cooperative is a new social enterprise representing the changing needs and values of communities. We are a for-profit financial (investor) co-op, conceived to promote distributed, clean, solar electricity generation on and around Vancouver Island.
Through our solar PV lease program, our end goal is to provide large community electricity consumers (Clients) with a means of owning a solar PV system without an initial capital investment while providing green long term Investors with a consistent and reliable return on their investment. We offer everyone a way to invest in solar and in return receive reliable and green financial benefits, whether or not an individual’s own home is suitable for a solar PV system. By investing in solar locally, we are helping Vancouver Island become more energy independent. We currently generate only about 25% of the electricity demand we use right here on the Island. The rest is imported from the mainland via submarine cables.
On the way to our above goal we are developing our membership and capacity with our limited time 2019 solar PV bulk buy-install program, which is targeted toward average homeowners and businesses.