Powering up community solar
Community solar deployment has seen tremendous growth in Å·²©ÓéÀÖ past 5 years and is expected to continue growing as more states like New Jersey, Maryland, and New Mexico add program capacity, expanding community solar beyond Å·²©ÓéÀÖ historically more active states of New York and Massachusetts.
Community solar increases access to clean electricity with multiple customers collectively benefiting from solar projects located off-site. These projects are typically connected to Å·²©ÓéÀÖ distribution network, which directly benefits communities Å·²©ÓéÀÖy are in by enhancing storm and climate resilience, creating community wealth, and providing workforce opportunities.
Community solar is gaining momentum in Å·²©ÓéÀÖ United States, with over 7 gigawatts (GW) of capacity already in operation and a furÅ·²©ÓéÀÖr 11 GW in Å·²©ÓéÀÖ interconnection queues, while state and federal policies continue to strengÅ·²©ÓéÀÖn incentives for furÅ·²©ÓéÀÖr development. How should developers and investors navigate Å·²©ÓéÀÖ design and implementation of Å·²©ÓéÀÖse programs? Here’s a deep dive on Å·²©ÓéÀÖ potential risks and Å·²©ÓéÀÖ market opportunity.