How Much Does Community Solar Cost?

How Much Does Community Solar Cost?

cost-of-community-solar

In an effort to slow global warming by reducing carbon emissions from the use of fossil fuels, many states are pushing for the production of clean energy. Solar energy falls under this category of clean energy and can be realized through traditional sources such as rooftop solar panels. Solar panels are able to harness the rays of the sun and through a complicated process turn them into electricity.

 

Solar For All?

Not everyone is eligible for solar rooftop panels. Renters and those who occupy multi-use facilities cannot install solar panels on roofs they do not own. Also, some community homeowner associations do not allow the installation of rooftop panels for aesthetic reasons. Lower-income families find it difficult to meet the costly requirements to purchase and install solar panels and therefore cannot enjoy the attached benefits. Finally, in order to harness the sun’s rays, a property must be located in a locations where sunlight is not restricted from shining on rooftops. So despite recognizing the benefits of rooftop solar energy it is not a practical solution for many.

 

Community Solar Saves the Day

This is where community solar saves the day. Customers that want to access the benefits of solar (while contributing to a healthier environment and planet) but cannot install solar panels on their roof, can elect an alternative solar model; community solar programs. These programs are built to allow customers to subscribe to a solar energy facility without the cost of installing and maintaining their own solar panels on their homes or business structures. Community solar projects are offsite power facilities located on third-party sites and are not owned by the utility company but rather by third-party entities. Community solar customers enroll through a subscription for a certain percentage of the solar panels that comprise the entire solar array. They then receive credits in the form of savings on their monthly energy bills. Customers are often able to purchase their subscription at a discount to the value of the bill credits they receive, saving money on their utility bills each month while contributing towards clean, renewable electricity generation.

Community solar projects allow equitable access to clean solar energy, promote the reduction of carbon emissions, and help create a healthier environment for future generations all while providing bill credits on opportunities for savings for individuals or business owners. Of course, it is important to understand the specifics of the community solar programs available in your area. However, in many jurisdictions, community solar is a win-win situation for all!

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Brian A.

Brian A.

Brian is an Energy Advisor at EnergyPricing.com

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