Reactivate, a three way partnership of Invenergy and Lafayette Square, and Solstice Power Technologies have entered into an settlement through which Solstice will present subscriber acquisition and ongoing subscriber administration companies to Reactivate neighborhood solar initiatives throughout the United States over the following a number of years.
Reactivate and Solstice will unite to realize their shared targets of delivering lots of of megawatts of neighborhood solar initiatives to low-income, environmental justice and energy transition communities nationwide. The partnership will leverage Solstice’s experience in community-building and LMI buyer acquisition and Reactivate’s neighborhood solar venture improvement and operation and workforce coaching to concentrate on communities which have been traditionally unnoticed of the clear energy transition.
In January 2023, Reactivate and Solstice held a profitable open enrollment launch for 3 low-income neighborhood solar initiatives by the Illinois Solar For All: Community Solar program; these initiatives have now surpassed 75% of their subscription capability.
Two new neighborhood initiatives in Illinois started enrollment final month, bringing the whole initiatives to 5. The Illinois initiatives will generate over 20 million kWh of renewable electrical energy yearly with the capability to serve greater than 3,500 households statewide. Solstice has already enrolled greater than 1,500 income-eligible households within the Illinois solar farms, partnering with neighborhood organizations and municipalities to simplify the method.
“We’re excited to announce that we will continue working with Reactivate on multiple projects over the coming years. Subscribers have already enrolled at record speed for the projects and we are honored to get to work with a mission-driven development partner who not only understands the energy burden excluded communities face, but is actively doing something about it,” says Steph Speirs, Co-Founder and CEO of Solstice.
Distributed solar energy and storage improvement is on the rise within the U.S., defending many owners from rising utility charges, and that development is predicted to proceed within the coming years. However, 77% of Americans are nonetheless unable to take part in rooftop solar. This consists of renters and households who could not qualify because of credit score scores, incomes under minimal thresholds, unsuitable rooftops, or insufficient solar publicity.
Community solar bridges that hole, offering the chance for extra households to entry native renewable energy with month-to-month financial savings on their electrical energy invoice by subscribing to a portion of a solar farm. Community solar reduces electrical payments, helps native companies, fuels job development, improves public infrastructure and will increase property tax income – all essential for strengthening energy transition communities.
“Our goal is to save low- to moderate-income households $50 million in energy costs by 2030,” says Utopia Hill, CEO of Reactivate. “By joining forces with Solstice, we’re not only investing capital, but fostering local economic development in communities that have been historically marginalized. This partnership will truly make a difference and create a lasting impact.”
