Community Solar is an easy way for businesses and households to save money on their electricity bills without installing solar panels. Instead, you join a local solar farm and receive credits that lower your electric bill by 5% to 15%, depending on where your facility is located.
How It Works:
Solar Developers Generate Power: Local solar farms produce electricity, and the value of this energy is converted into credits.
Lower Your Electric Bill: These credits are applied directly to your existing utility bill, typically reducing it by 5% to 15%, depending on your location and available savings.
Flexible Agreements, Immediate Savings: You pay the solar developer a discounted rate for the credits, allowing for flexible terms and immediate savings without the hassle of rigid contracts.
Example Savings:
Let's say you have a $100 electric bill due to your electric utility, and in the same month, you have $100 in Community Solar Credit applied to your electric account through your Community Solar subscription.
This $100 in Community Solar Credit would reduce your electric utility bill from $100 to $0.
The following month, you would receive a bill from the Community Solar developer for $85 to $95, saving you 5% to 15% each month, depending on your location.