In communities across the United States, people are seeking alternatives to conventional energy sources. Whether they aim to increase energy independence, hedge against rising fuel costs, cut carbon emissions, or provide local jobs, they are looking to community-scale renewable energy projects for solutions. Advances in solar technology, an increase in federal and state tax incentives, and creative new financing models have made solar projects including community solar projects, more financially feasible. Community Solar is great for all. It provides solar power access for low income families and for people who don't have a "roof" (people who live in multifamily buildings).
MEMO Sunshine can provide you with a complete analysis and give you many options to enable your project to move forward.
We help you find the Community Solar model that would be best for your business and maximize your savings
Some utilities provide their customers with the option to purchase renewable energy from a shared facility. The customer may purchase a set amount of electricity at a fixed rate for a long term, such as 20 years. The rate, while typically slightly higher that the current retail rate, may provide protection and stability against rising rates for grid electricity.
One shared renewable energy model involves enabling residents and business to invest in a portion of a shared renewable farm, and receive a credit for that portion of the energy production from the facility on their utility bill.
Individuals join in a business enterprise to develop a shared renewables project.
In this model, donors contribute to a shared renewables installation owned by a charitable non-profit organization.
For more information on allocation of costs and benefits, financial and tax considerations, and other legal issues, see the additional resources below