Benefits of Rooftop Community Solar

The U.S. Department of Energy defines community solar as any solar project or purchasing program, within a geographic area, in which the benefits of a solar project flow to multiple customers such as individuals, businesses, nonprofits, and other groups. In most cases, customers are benefitting from energy generated by solar panels at an off-site array.

Commercial developers, business owners, and landowners across the country are looking to community solar to earn additional revenue, expand access to renewable energy, and show they’re committed to a sustainable future. Buildings with rooftops of 100,000+ SF can be ideal locations for community solar projects. This presents an opportunity to be part of the renewable energy solution but without the upfront investment. Those leasing space for community solar projects have lower risks than those associated with owning and operating their own solar, have increased income (from annual lease payments), and this helps companies reach their corporate social responsibility (CSR) and environmental, social, and governance (ESG) goals.

“In today’s rapidly changing business climate, attention to ESG issues is becoming critical to long-term competitive success.” – Betsy Atkins, veteran Nasdaq board member

According to the Harvard Business Review, most corporate leaders understand that businesses have a key role to play in tackling urgent challenges such as climate change. But many of them also believe that pursuing a sustainability agenda runs counter to the wishes of their shareholders. On the contrary, a 2018 study by Morgan Stanley found that Gen X and Millennial investors are twice as likely to invest in companies targeting social or environmental goals.

Companies can improve their long-term financial performance, as well as their reputation as an environmental steward, by leveraging rooftop community solar installations as a brand differentiator. By engaging the underutilized rooftop real estate, this commitment to renewable energy solutions demonstrates corporate social responsibility, helps protect our natural resources, fights climate change, and provides clean solar energy to the surrounding community.

Ready to start leveraging renewables and sustainable energy, and become an environmental sustainability leader? If you have ESG goals to meet, integrating community solar into your energy strategy may be easier than you think.

Call SGC Power today to explore this option to help you reach your goals!
(410) 799-9377