Community solar will get a big boost from the DOE's National Community Solar Partnership program and the IRA.
Community solar will get a big boost from the DOE’s National Community Solar Partnership program and the IRA.Community solar used to be a perk only upper income people could afford. Just as some people spend big bucks to drive a luxury electric car so they can lower their carbon footprint, others were willing to pay a little more for electricity in order to help the planet breathe a little easier.
It also means projects that offer “equitable workforce development” and give community organizations options to own solar projects themselves as a way to cement the employment and wealth building value of these multi-million dollar investments in the communities they serve.Solar workers developing a community solar project on the Ute Mountain Ute Tribe Reservation in Colorado. Photo courtesy of the GRID Alternatives Tribal Program.
The biggest factor barring households from getting rooftop solar is they lack the debt to income ratios or high credit ratings needed to meet the borrowing criteria required by most solar installers and lenders. Solstice co-founder Sandhya Murali said that some of the same income and credit barriers to rooftop solar access have plagued community solar.
Solstice is working to get lenders to consider what it calls an EnergyScore, which tracks not only credit history but also a customer’s history of paying their utility bills. Studies have shown that utility bill history is an effective proxy for how likely customers are to stay current on their solar payments.
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