What is community solar?
Community solar is a project that allows both domestic consumers and businesses to invest in solar energy whilst saving money on their power bills.
But instead of installing costly solar panels on your own roof or in your backyard, part of your monthly bill goes towards a local solar farm. This means that anyone can join and make savings, not just those with homes compatible with solar panels, which currently only account for around a third of properties in the US.
Signing up to community solar with Arcadia is simple and costs you nothing upfront, you will stay with the same utility supplier so you don’t have to worry about being cut off at any point, and you’ll get guaranteed savings of up to 10% off your monthly power bill.
Is joining a community solar farm worth it?
Community solar is not just a great way to clean up your carbon footprint and help wean the US off fossil fuels, it can also help you to make significant savings on your utility bills. At a time when energy prices are sky-rocketing and the cost of living soars, community solar represents one of the quickest and easiest ways to save money on your power bills whilst at the same time going greener.
Many people choose to add more solar energy to the grid by investing in their very own solar panels, which can be installed either on your roof or in your yard. However, this is a very costly investment to make, with domestic solar panels costing as much as $20,000 dollars in some cases. Compare that to community solar, which costs nothing upfront.
But saving cash and helping the environment are not the only benefits that come with investing in community solar. You’ll also be helping the people and businesses that set up and host the solar farms, which are often built on unused land, which will in turn create jobs and lead to more investment in your local area.
Advantages Of Community Solar Farm
Easy and cost-effective way of supporting clean energy production
Save up to 10% on your monthly power bill
No up-front costs or long-term contracts
Quick and simple sign-up process open to everyone in selected states
Share in a solar farm - no solar panels needed on your property
How to join a community solar farm with Arcadia & Finance Guru
If you’re interested in supporting your local solar panel farm, you’ll be pleased to know that signing up to community solar is a quick and simple process, and the best part is it’s absolutely free!
Before you begin, you need to make sure that community solar is available in your state. This is because each state in the US must pass a law to allow for these projects, which unfortunately not all states have yet done, although more are joining the party.
This whole process, including your bills, will be managed by Arcadia and your utility company. Nothing will change to your bills and who they’re from, apart from the discounted rates! It will also be clearly shown on your bill how much you have saved each month thanks to your solar farm credits.
Provide your details
Providing a few details about yourself and your current power supply.
This information will then be verified by Arcadia, who will create an account for you that will be synced to your existing utility account.
A certain percentage of your monthly bill will be invested in your local community solar farm, as chosen by Arcadia.
You are in the loop
This solar farm will generate clean energy, which will be fed back into the local power grid.
When your local solar farms adds energy to the local grid, you’ll be rewarded with credits, which will be discounted off your next monthly utility bill.
How do community solar farms work?
When you sign up for community solar, Arcadia will find a local solar farm near you that you will then support by paying a portion of your monthly utility bill. How much investment you make as an individual or business will be determined by how much energy you use per month.
Your community solar farm will be working constantly to create clean energy, which will then be fed back into the local power supply. The more clean energy that is produced by your local farm, the more credits you will receive on your monthly bill. These credits will be taken off your bill automatically, which results in instant savings on your monthly costs.
Your entire power bill we managed by both your utility company and Arcadia, who claim that you can save up to 10% each month on your bills. And although you are investing a portion of your own power bill into the project, you will never be left out of pocket as the credits you earn will always be larger than what you put in.
Solar developers across the country pay Arcadia to connect consumers to their farms - all you need to do is provide a few details about yourself and your current power supply so that your utility account can be synced up to Arcadia.