What is Community Solar?
Community Solar programs allow multiple individuals and/or businesses to benefit from solar projects without having to install solar panels on their own property. Participants in community solar, called “subscribers” receive a portion of the energy produced by the solar farm in the form of a monetary credit applied to their electric utility bill each month.
- Offsite PV system owned by third-party with multiple subscribers.
- Subscribers receive monetary credits on their utility bill based on the generation from the PV system (not RECs).
- The size of the subscription is determined based on the availability of projects, local CS regulation, and the level of energy savings a company is looking to achieve.
- Anchor Tenants subscribe to the largest portion of the offtake (up to 40%).
Community solar is a great way to reduce electricity costs and have positive local environmental impact without the accessibility issues associated with onsite solar.