Questions and Answers
Is the cooperative taxed?
The cooperative itself is taxed on the profit it makes.
What happens with the profit?
The cooperators collectively decide at the General Assembly what happens with the profit. However, a legal reserve must be established (+- 10%).
Do I buy shares for modules?
No, in a cooperative, everyone is equally involved in every project.
Who is eligible to become a member?
According to the statutes: primarily citizens from the canton of Remich.
Roofs are indeed provided by the municipalities from our canton.
Purchase of shares – how can one buy additional shares?
Shares can be requested later through the cooperative's website. The Board of Directors will handle the request and will give their approval or not, if no investments are currently planned.
Tax Benefits?
Every member of the cooperative is entitled to a tax bonus of up to €1,500 on the paid dividends (not on the investment).
Are photovoltaic panels allowed to be installed in natural areas?
Yes, but one needs a permit
(e.g., Agri-PV).
Can the power line handle the capacity of the system?
Creos gives the approval on whether it goes through or not.
Projects for wind power?
Currently not, but it is not excluded for the future.
Regional Installers?
We are trying. However, there are not many installers in the country, and we have to choose one who has the capacity and is reasonably priced.
Projects for hydroelectric power?
Currently not, but it is not excluded for the future.
