A NREL and DOE report projected that nearly 50 percent of consumers and businesses were unable to host their own photovoltaic systems, the fancy term for how power is generated from the sun.

But thanks to a new development, companies are no longer limited to using clean energy they host themselves and can make use of solar energy without Harness Solar Company a single panel. This advancement is known as community solar. Sometimes called a solar garden or a shared renewable-energy plant, community solar offers the benefits of renewable energy to businesses of all sizes, regardless of roof access.

Related: Job Opportunities in Solar. At its essence, community solar systems are large batches of solar panels located on public or jointly owned private property. Sometimes, you purchase individual solar panels that are then Harness Solar Company for your own Taylor Mortgage Company in other cases, you simply buy a set amount of energy production every month. While community systems are simple in concept, there are actually several models with different rules and offerings to cater to all kinds of businesses.

Utility-Sponsored Model: Under the utility-sponsored model, utility companies give consumers the option to purchase renewable energy from a shared facility.

The utility company owns the energy and sells Humidaire Company leases shares to consumers who then purchase an amount of electricity at a fixed rate for a contracted period. This option is usually best for small and local businesses because subscription is typically limited to a specific distribution area. On-Bill Crediting Model: Residents and businesses can invest in portions of a local solar facility and receive credit on their electricity bills for the power they produce.

Under this model, participants design, construct and own the community solar facility and then work with a utility company to allocate benefits to its subscribers.

Grid Alternatives is one example. Investing in community solar helps businesses achieve added value Harness Solar Company adherence to sustainability goals and, ultimately, community investment.

The notion that all companies should aggressively promote and communicate their energy and climate strategies by implementing clean-energy solutions like solar has become increasingly popular for consumers and investors alike. Related: Surging on Solar for a Brighter Future. According to the SEIAthere are currently 43 states with at least one functioning community-solar project. To put that into perspective, just a single megawatt of solar energy powers homesso 3 gigawatts has the ability to power nearly half a million homes.

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