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NH Solar Shares Plymouth Area Renewable Energy Initiative

WarrenNH

Attributes

  • State New Hampshire
  • Utility type Cooperative utility
  • Regulatory Structure Regulated
  • Community Solar Bill Credit Value Retail Rate
  • Community Solar Enabling Legislation Yes
  • Value of State Level RECs & Subsidies Low = less than 10% of value stack
  • Eligible for Tax Benefits Yes
  • Installation type Roof
  • Year energized 2019
  • Project capacity 21 KW AC
  • LMI Share of Capacity 100%
  • LMI Requirement Income eligible only
  • Energy Rate Average $0.19
  • LMI Customer Savings 100%
  • Minimum LMI Savings Mandated No
  • Potential # LMI Subscribers 9

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Related Best Practices

  • No-cost Site Lease

    In some instances, project developers can negotiate a no-cost site lease. This is common when state or local governments or institutions sponsor a community solar program. These entities may have rooftop space or vacant parcels suitable for solar installation. While no-cost land leases do not lower upfront investment costs, they can lower ongoing operating costs.

  • Philanthropic and Corporate Grants

    Private foundations or corporations provide grants for renewable energy development. Grants may be offered geographically or to specific segments of the population, especially low- and moderate-income, BIPOC, and environmental justice communities. Many foundations are focused on climate and equity, providing significant opportunities to fund community solar projects that serve these communities. Most foundations publish Requests for Proposals (RFPs) that announce project eligibility requirements, funding limits, as well as the requirements and timelines for submitting your proposal. 

    Grantsmanship: https://www.tgci.com/funding-sources 

  • Public Funding/Crowdsourcing

    In this model, donations or investments are sourced from individuals or organizations, usually consisting of small donations from many donors. New community and crowdsourced financing models for solar will expand the availability of cheap capital -- if regulatory risk can be cleared.