Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

1st-of-Its-Kind Community Solar Project

Community solar programs and projects of various sorts are hugely loved here on CleanTechnica, but a new community solar program in California is a little bit different than anything I’ve seen before (and it might be completely unique). It’s essentially crowdfunding the investment dollars for solar projects on community centers. (Think “Kickstarter for solar power on community centers.”) Solar finance company Solar Mosaic and Oakland’s Ella Baker Center for Human Rights are the ones behind it.

Pluses: low-income communities can get cheaper electricity, more green jobs are created, and we cut greenhouse gas emissions and other harmful pollution. Minuses: …?

Oakland’s Asian Resource Center was the first community center to benefit from the program. It got its solar roof, a 30-kilowatt solar installation (enough to power about 35 homes), on October 12. “Our communities are hurting already, but we are not waiting for the worst,” Miya Yoshitani, associate director of Asian Pacific Environmental Network, said at the opening ceremony. “We’re looking to build a solution-rich community. There’s no better time to bring low-income communities together and green our community.”

“We are courageous. We created something new. This is not an ordinary solar project. It represents the power of the crowd, the surplus of power that people employed to make it happen,” said Dan Rosen, CEO of Solar Mosaic.

community solar buying program

How Solar Mosaic’s Program Works

Investors in these solar projects can either donate their money or they can get it back in 7-10 years (essentially as zero-interest loans). They can buy “tiles” of the solar roof, each representing $100 of the investment, through Solar Mosaic.

As soon as total investments hit the price of the targeted installation, the project gets built. “The community, which receives the solar project, signs a 20-year lease with Solar Mosaic for use of the panels and agrees to pay the company for the power from the panels at a much lower rate than a utility company charges,” Simona Drevensek of Greentech Media reports.

It’s a way for individuals with money to give back to society, essentially.

“Solar Mosaic is doing what banks do (but without them), while creating jobs and a sustainable future,” said Jeremy Liu, executive director of EBALDC (East Bay Asian Local Development Corporation).

“You save $112,000 over 20 years that would otherwise go to PG&E. It’s a way for the community to get jobs, power and be part of the solar revolution,” Danny Kennedy, founder of Sungevity, said.

OK, I Have Heard of Similar Program

If you were reading CleanTechnica about one month ago, you might remember a “Solar Schools” program started by UK climate activist group 10:10 that I wrote about on October 2. It is actually very similar. The only differences as far as I can tell are that investors in that program provide funding for solar power systems on.. schools, whereas the California program above does so for community centers, and that Solar Schools investors don’t have the option to get their money back.

Know of any similar projects? I’d love to hear about them, and I imagine others here would, too!

Image Credit: Screenshot of Solar Mosaic video at top.

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

You May Also Like

Clean Power

Renewable energy continued to expand across the country in 2018. This expansion in renewable energy complements a growing number of states, utilities, and cities...

Batteries

By Stacy Clark House by house, street by street, homeowners and businesses are increasingly divesting from conventional electrical power providers and going solar. “About...

Cars

There are actually thousands of cleantech champions out there, and many of them are CleanTechnica readers. I was actually a bit hesitant to make...

Clean Power

Originally published on Energy Post by Clare Taylor Crowdfunding of renewable energy projects is growing fast in Europe. If this grassroots movement gets organized...

Copyright © 2022 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.