The Jordan Rd 1 project, which will operate as a community solar facility following construction, has already secured nearly $2 million in funding from the NY-Sun program and is expected to earn another nearly $1.6 million for serving income-qualified subscribers.
The New Jersey Board of Public Utilities action fulfills Governor Sherrill’s recent executive mandate, launching the largest-ever solicitation for distributed generation in New Jersey history.
The deal marks the second transaction between the two companies in Illinois and brings Luminace’s total operating and under-construction capacity in the state to over 200 MW.
Tracking by the Institute for Local Self-Reliance shows limited growth of community solar, only three states grew by 1% or more with New York in the lead with 55% growth.
A change to a utility’s proposed approach to minimum billing opens community solar to more Virginia customers, while a potential 150 MW increase in the amount of community solar capacity is within reach.
The new legislation creates a framework for “community energy facilities” across the state, allowing a wider range of residents and businesses to participate in and benefit from local energy generation projects.
Community solar marketers can turn state mandates to serve low-income households into a lifeline by partnering with established anti-poverty infrastructure like Community Action Partnerships (CAPs). This strategy leverages CAPs’ trusted access to income-verified clients, offering a cheaper, faster, and more reliable solution to the industry’s soaring customer acquisition costs.
Interconnection delays, permitting hurdles and customer acquisition costs are now the biggest challenges slowing projects to the grid.
The construction and term financing will support a 134 MW portfolio of projects that are expected to save subscribers at least 10% on their monthly electricity bills.
Ohio lawmakers picked up legislation that ran out of time during last year’s session, this time changing the proposed “community solar” pilot to “community energy.”
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