NewEnergyNews More: THE COMMUNITY SOLAR ANSWER

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  • Tuesday, January 5, 2016

    THE COMMUNITY SOLAR ANSWER

    Want to install solar panels but can't? No problem.

    Jason Margolis, January 1, 2016 (Public Radio International)

    “…[T]he solar industry got a big holiday gift at the end of 2015 — Congress extended an investment tax credit (ITC) to build new solar panels…[but many] of us living in dense urban areas are finding it challenging to go solar…That doesn’t mean we can’t own solar panels…They just can’t be on our roofs…[With community solar, a person can] own a few solar panels in [a] field and they pump electrons into the electricity grid. Due to federal tax rebates and incentives from the state of Massachusetts, [the solar electrons are cheap [enough to earn a discount from the utility]…So, if your bill is $100 now, you’d pay $90 with community solar…Besides Massachusetts, community solar is gaining traction in a handful of states providing extra incentives: New York, California, Minnesota and Colorado…[T]here’s no upfront capital cost…In order to make the community solar business model work though, you have to commit to it [through] a 20-year contract…” click here for more

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