Community solar: A growing opportunity within commercial real estate

Community solar emerged in 2010, providing customers with access to solar energy without the need to install PV panels.

America’s Solar Surge

As the U.S. invests in renewable energy, solar power continues to gain momentum, with installations growing by 22% annually over the past 10 years1 and 51% in 2023 alone.2 According to the Solar Energies Industry Association, this growth has been driven by:

  • Reduction in costs for solar photovoltaics (PV) installations
  • Rising demand for sustainable electricity from both public and private sectors
  • Federal policies like solar Investment Tax Credit (ITC) and, more recently, the Inflation Reduction Act (IRA)

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Source: CSR Wire

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