{"id":20302,"date":"2017-07-18T10:33:34","date_gmt":"2017-07-18T05:03:34","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=20302"},"modified":"2017-07-18T10:33:34","modified_gmt":"2017-07-18T05:03:34","slug":"community-solar-takes-off-in-the-us-with-new-york-leading-the-way","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2017\/07\/18\/community-solar-takes-off-in-the-us-with-new-york-leading-the-way\/","title":{"rendered":"Community Solar Takes Off In The US with New York Leading The Way"},"content":{"rendered":"<h1 style=\"text-align: justify;\">Community Solar In U.S.<\/h1>\n<p style=\"text-align: justify;\"><strong>Falling solar costs<\/strong> have led to an explosion of solar energy growth across the world with the\u00a0USA being no exception. It has become the <strong><em>second largest market in the world with more than 10 GW installed<\/em><\/strong>. Most of this growth has come through large utility scale solar farms in the southern part of the country. However, there remains a massive potential for future growth given, that <strong>penetration of solar energy remains below 1%<\/strong> of the total power demand and solar costs have fallen even below that of coal and gas power in new solar auctions.\u00a0 While most solar plants were built through PPAs signed with power utilities, new business models are coming up which are midway between that of utility and rooftop solar energy systems.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2016\/08\/community-shared-solar-program.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19236\" src=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2016\/08\/community-shared-solar-program.png\" alt=\"community shared solar program\" width=\"864\" height=\"522\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>Community solar energy<\/strong> is taking off steeply nowadays with different financing models being seen. One popular community solar model is in which a solar <strong><em>developer finances and builds a small solar power plant and sells it to a geographically close knit community<\/em><\/strong> of residences\/commercial enterprises. It can either sell equity in the project or have a pure monthly pay as you go, model. This business model was popularized by<strong> <a href=\"http:\/\/www.greenworldinvestor.com\/2011\/03\/08\/list-of-usa-solar-installerssystem-integratorsepc-companies-massive-growth-ahead\/\" target=\"_blank\" rel=\"noopener\">US solar installer<\/a><\/strong> and EPC company,\u00a0<strong>SolarCity<\/strong> in which it used to sign PPAs with individual house owners and has now expanded into a community.<\/p>\n<p style=\"text-align: justify;\">Some U.S. states are trying to promote this model by introducing specific regulations and policies. New York has seen a tremendous surge of interest with more than <strong>1 GW of community solar projects being in the pipeline<\/strong>. However, the execution has not picked up the pace as teething problems regarding interconnection of the projects and the cost of these interconnections still remain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Community Solar In U.S. Falling solar costs have led to an explosion of solar energy growth across the world with the\u00a0USA being no exception. It has<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":19236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[45,67],"tags":[1171,1172,1173,5886],"class_list":["post-20302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-renewable-energy-greeninvest","category-usa-green-stocks-greeninvest","tag-community-solar","tag-community-solar-in-new-york","tag-community-solar-in-usa","tag-what-is-community-solar"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/20302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=20302"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/20302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=20302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=20302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=20302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}