As solar energy components become more affordable, the alternative energy being produced is giving families, businesses and schools a way to lower energy bills and invest in America’s “New Energy Economy”. A new report released by Greentech Media states that the emerging “community solar” segment could grow 50-80 times its current size by 2030. Based on those numbers, the community solar market could raise up to $120 Billion in capital investments while serving up to 9 million new solar customers nationwide.
If community solar projects reach the suggested $120 Billion mark, it would surely play a significant role in the alternative energy mix nationwide, and as policy begins to be put into place, financing will become more readily available.
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