What is Community Solar?
Community solar projects allow multiple participants to share the benefits of solar energy if they are unable to install solar panels on their own property.
A solar installer typically begins by leasing space on a farm or commercial building owner’s rooftop, installing solar panels, and then connecting the panels to the local electricity grid.
According to the Solar Energy Industries Association (SEIA), 5.6 gigawatts of community solar have been installed in the U.S. through 2022.
Generate Income & Bring Clean Energy to Your Community
At Aspen Power, we work with landowners and commercial & industrial building owners to identify opportunities to develop community solar projects (which are known as shared solar or solar gardens). Aspen Power analyzes the property or portfolio of buildings and available incentives.
We make it simple for hosts to earn income from the projects. Aspen is responsible for building, owning, and maintaining the community solar systems, as well as managing subscribers to the program.
There is no cost to the host, simple contracts, and no complicated hassles with the installation process. If you or your company owns available land or a large building with underutilized roof space, it can quickly generate a new passive income stream by leasing it to Aspen Power.
COMMUNITY SOLAR BENEFITS
- No upfront or operational costs: Solar developers typically cover all upfront and operational costs of the system, including the design, engineering, construction, and maintenance of the solar installation.
- Maintain Ownership: By leasing property you can keep control over the land for the next generation.
- Recurring Income: Create predictable and reliable cash flows for decades to come.
- Unlock Value: Landowners can monetize otherwise underutilized land or explore “agrivoltaics” that can harvest the sun while keeping their current crops.
- Make a Difference: Support energy independence and earn money while doing so.
- Reduced energy costs: Hosts can reduce their energy bill if they choose to participate in the community solar project as an anchor subscriber. They can also give their tenants the option to subscribe to the solar project.
- Positive branding: Improve branding and help to position the building owner as supporting sustainability and clean energy.
- Straightforward: Maximize the amount of space rented out to the solar developer. A conventional solar project would require that all the power produced be used on site, often limiting the scale of a project considerably.
- Increased access to solar energy
- Energy independence
- Reduced carbon footprint for your community
- Financial savings
- Economic benefits
Bring Community Solar Projects to Fruition
Solar developers nationwide are capitalizing on the substantial interest in community solar projects and the incentives available to bring them to fruition. For some developers, completing a solar project can require resources that are not always readily available. As a result, developers often partner with Aspen Power on the following:
Building a Clean Energy Future, Together
If you’re looking for expert assistance for your project, get in touch today to learn more.