Do you save money with community solar?

Community Solar Brings You Reliable Savings The number can vary by project, but with community solar, you save around 10 percent on the energy that your panels produce, so that no matter how the price of energy fluctuates, you’re paying less on your electric bill than you would if you weren’t a subscriber.

How much does a community solar farm cost?

Solar farm installation costs are typically between $0.82 to $1.36 per watt. That means that a 1 megawatt (MW) solar farm would cost between $820,000 and $1.36 million. These figures are based on the SEIA’s average national cost figures in Q1 2020.

Is community solar legitimate?

Community solar programs are available to renters & shared properties. Community solar is a viable option if you’re a renter or share your roof, enabling you to take advantage of clean, low-cost electricity generation without installing any panels on your property.

How does community solar billing work?

Your savings come from a fixed percentage discount that we apply to your solar credits. Say your discount rate is 10\%. If your subscription generates $100 of solar credits in a given month, we charge you $90, and you pocket the $10. Multiply that times every month and you’re starting to make some serious savings.

How do community solar programs work?

What is Community Solar? Community solar customers can either buy or lease a portion of the solar panels in the array, and they typically receive an electric bill credit for electricity generated by their share of the community solar system—similar to someone who has rooftop panels installed on their home.

How much community solar does the US have?

As of December 2020: Community solar projects are located in 39 states, plus Washington, D.C. 22 states, plus Washington, D.C., have policies that support community solar. Community solar projects represent 3,253 megawatts alternating-current (MW-AC) of total installed capacity.