Who owns the photovoltaic panels on the roof of the community
The owner of a community solar project is known as the “asset owner”. The asset owner may differ from the developer, which is the entity who plans and builds the community solar project.
The owner of a community solar project is known as the “asset owner”. The asset owner may differ from the developer, which is the entity who plans and builds the community solar project.
The host is the owner of the location where the community solar project will be located. The sponsor manages the subscriptions to the solar project and the relationship with the utility.
In community solar, customers either own or lease a portion of a solar installation shared by multiple parties.
6 FAQs about [Who owns the photovoltaic panels on the roof of the community ]
Who is involved in a community solar project?
Community solar products may also include nonfinancial benefits, such as environmental benefits (e.g., renewable energy certificates). There are always at least four actors in a community solar project: the host, the sponsor, the utility, and the subscribers. The host is the owner of the location where the community solar project will be located.
Is community solar a good option?
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. Community solar is rapidly growing across the country.
What is a community solar project?
In many cases, these are community solar projects. Also referred to as solar farms, shared solar, solar gardens, or roofless solar, a community solar project is a large, central power plant that generates electricity for the grid. Unlike utility-scale solar, private developers or, in some cases, subscribers themselves own community solar farms.
What is a community-owned solar project?
Community-owned solar: A solar project that is wholly owned by local members of a community. Power purchase agreement (PPA): A long-term electricity supply agreement between an electricity producer and an electricity consumer. Project host: The owner of the site where the community solar project will be located.
Who can participate in community solar?
Customers who do not own their homes, do not have space to install solar, or do not have access to capital can usually still participate in community solar. All community solar programs serve an exclusive set of subscribers within a utility or community choice aggregation service territory. Participation in community solar is always by choice.
How does community solar work?
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. Why Community Solar?
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