As a passionate solar expert, I’m thrilled to see the progress being made by solar companies throughout the United States who are taking up the challenge of advancing the use of solar arrays for homes and community projects. The investment being poured into this sector is staggering and indicative of a bright future ahead for the solar industry.
Dimension Energy, a leading solar company, has recently announced its ambitious plan of investing a whopping $3 billion within the next five years to expand its solar project portfolio. This solidifies the role of solar companies in paving the way to a more sustainable future. The aim of this extensive investment is to develop more than 2 GW of solar projects across dozens of states.
The company currently boasts 169 MW of community solar assets actively in construction across eight states, with plans to further invest $1.1 billion to construct solar arrays, totaling to about 500 MW of community solar by the completion of 2025. That’s an immense number of solar panels for your home or community to be powered by clean, renewable energy.
Dimension Energy’s story itself is an inspiring journey within the solar industry. Founded just three years ago, the company has swiftly ascended to become a one-stop hub for community solar development, ownership, and operation. Today, the company’s deep and wide-reaching impact across the community-scale clean energy market positions it among the leading U.S. solar companies.
Their efforts have already contributed to over 400 MW of community solar, translating to a substantial $400 million invested into the solar sector. Their projects make it increasingly feasible for more people to power their homes using solar panels, making solar a workable reality from coast to coast.
The concept of community solar involves consumers subscribing to a share of an offsite solar facility and receiving credits on their utility bills for the electricity generated by that facility. What’s interesting is that community solar projects, also known as solar gardens, are not typically owned and operated by the electric utility. However, they represent an amazing collective effort in shifting towards solar power.
To aid states in implementing community solar programs, the Coalition for Community Solar Access (CCSA) recently shared a policy roadmap. With 41 states already running some form of community solar program, the potential for growth is enormous but, there can be a few roadblocks when participation from the local utility is required.
As predicted by Wood Mackenzie, a staggering 7.6 GW of new community solar is expected to come online within existing state markets between 2024 and 2028. If this stands true, our nation’s total of community solar installations is projected to surpass 10 GW of cumulative capacity by 2026.
All of these advancements in solar development and adoption prove that solar panels for your home or community isn’t just a fleeting trend – it’s the future. As we continue tracking the developments in this sector, I’m looking forward to seeing further growth and success of solar companies and their enduring commitment to turning sunlight into a reliable power source for all.
Original Articlehttps://pv-magazine-usa.com/2024/06/28/dimension-energy-plans-1-1-billion-community-solar-buildout-by-2025/
