Setting Up Your Business

Projects and initiatives in a community energy plan fall into two broad categories:

  1. energy efficiency and conservation
  2. energy development, transmission and distribution.

Energy efficiency and conservation projects

These are typically shorter in duration than generation projects and do not necessarily need to be managed through a formal business structure. They may be, for example, managed by a dedicated community employee. These projects still should have a formal plan to help ensure the success of the initiative.

Energy development, transmission and distribution projects
 

These are generally long-term projects, with two to three years of development followed by 10 or more years of operation. These projects require a stable business structure to obtain financing, operate and grow, and manage legal issues.
 
A community considering its first energy project may need a partner to assist with development, while communities that have already developed projects may decide to pursue an opportunity on their own. Regardless of which path you choose, you will need to set up a corporation or other entity to hold your community's interest in the development.