# Expanding Solar Access: Community Solar Projects in New York
Solar energy continues to transform the way communities access clean power. Many solar companies are working to expand renewable energy options, and community solar is one of the fastest-growing segments of the industry. A recent development in New York highlights how solar companies are financing projects that help low-income homeowners and renters access affordable electricity.
## Financing the Clean Energy Transition
Securing financing is one of the most critical steps in bringing solar projects to life. In a major move for community solar, an independent power producer specializing in distributed generation announced a $22 million financing deal to develop five new solar projects in New York. These projects will total 25.5 MW of solar power and will be spread across three counties in the northwestern part of the state.
One of the standout aspects of these solar installations is their commitment to serving low-income households. Four of the five projects have carveouts between 40% and 60% for low-income ratepayers, making these solar installations as financially inclusive as they are sustainable.
## The Community Solar Projects
Community solar allows households to subscribe to a shared solar array for home electricity use without installing solar panels on their property. This makes solar power accessible to
Original Article: https://pv-magazine-usa.com/2025/03/14/gs-power-partners-secures-22-million-to-finance-five-new-york-community-solar-projects/
