PALM BEACH, Fla., April 11, 2024 /PRNewswire/ -- The Community Solar industry has grown dramatically over the past few years and is expected to continue in coming years. Forbes described Community Solar as: "… a solar energy program that allows multiple individuals to share the benefits of a single solar energy system. This concept was developed to provide solar energy access to people who cannot install solar panels on their own property because they lack suitable roof space, live in rented or multi-family properties or cannot afford the upfront installation costs. Participating in a community solar project allows individuals to access clean and renewable energy while receiving credits on their electricity bills. This method also makes solar energy available to more people from different backgrounds and encourages everyone to support clean energy practices, ultimately leading to a greener future." A report on CNET.com added: "Instead of buying and installing solar panels on your home -- a decision that could see you footing steep upfront costs -- community solar programs allow residents to subscribe to pull their energy from large arrays of solar panels located nearby. Community solar programs expanded in key states in 2023 and a new report by a leading company in the industry points to significant growth in the next few years. Current community solar programs generate enough electricity to power 918,000 homes, according to the report by…. a major community solar company, but (whose) analysis expects that figure to grow to 4.5 million homes by 2027. That tracks with the goal of the Coalition for Community Solar Access, a trade organization, of 30 gigawatts of community solar projects across America by 2030." Active Companies from around the markets with current developments this week include: SolarBank Corporation (NASDAQ: SUUN) (CSE: SUNN), Enphase Energy, Inc. (NASDAQ: ENPH), First Solar, Inc. (NASDAQ: FSLR), NextEra Energy, Inc. (NYSE: NEE), Sunrun (NASDAQ: RUN).
