By Charles W. Thurston of CleanTechnica
Community solar projects are sweeping the nation, enabling individuals to benefit from solar energy even if they don’t have panels on their house or apartment building. The financial design of a community solar project may vary widely, however, which can make or break any savings that a system could yield for the consumer.
One model that has recently emerged in Oakland is that of a member-owned cooperative that shares a residential installation and includes both savings and investment dividends. This model, which can stretch to include a variety of installations within the coop, could help accelerate community solar projects in dense urban areas, where siting larger commercial-scale PV systems can be problematic.
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(Originally published on April 11, 2019.)