Community solar power is a special solar power option that has always tickled the minds of solar enthusiasts and policy wonks. It’s truly unique in the solar power market, as a couple of recent guests on our CleanTech Talk podcast highlighted. Ben Frank, Senior Director of National Sales—Commercial & Industrial at SolarEdge Technologies, and Stuart […]
“Community solar customers typically subscribe to — or in some cases own — a portion of the energy generated by a solar array, and receive an electric bill credit for electricity generated by their share of the community solar system. Community solar can be a great option for people who are unable to install solar panels on their roofs because they are renters, can’t afford solar, or because their roofs or electrical systems aren’t suited to solar.
“The local utility pays the community solar provider for the energy generated, and each subscriber receives a portion of the dollar value generated by their community solar subscription as a credit. Typically, this credit is applied directly to a subscriber’s monthly electric bill, helping to reduce customers’ electricity costs.
So, essentially, if you go solar via a community solar program, that’s equivalent to planting 115 trees or not driving a car for 16,000+ miles that you would have otherwise. What does the Inflation Reduction Act have to do with this? He adds, “Under the IRA, developers — solar developers — they have access to what’s called and ITC, an investment tax credit,, and under the IRA was brought back up to 30%. But there’s also other parts of the IRA that are well geared toward community solar to make it even more attractive. When we talk about the commercial viability of community solar, the IRA significantly helped, and specifically for community solar.
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