Community Solar Developers Get Creative to Finance Big Projects

The rapid development of emerging economies across Asia and Africa is lifting hundreds of millions of people out of poverty - but there is much debate as to how to best structure this growth. If these economies evolve in the same way as in the West - with unchecked, excessive resource consumption and heavy pollution - the planet may be on the fast track to disaster. Earthrise explores how these nations can grow sustainably using improved, eco-conscious technologies like renewable energy and eco-friendly farming practices.

With the prices of solar technology dropping and the opportunity to save drastically on energy usage and costs, businesses and organizations across the country are investing more in solar infrastructure for their buildings and facilities. The Better Buildings Initiative of the US Department of Energy is helping by providing guidance and documenting effective approaches and financing for renewables installations - from hotels, to schools, to big box retail.

In Jackson, Mississippi, a series of community-led cooperatives are creating opportunities for affordable home ownership. This is part of a trend across the country to create community land trusts. They are financed through donations, other community businesses, or commissions. Though each land trust faces hurdles, they are collectively allowing more access to wealth and ownership in historically low-income neighborhoods.

Solar power is a great advancement for renewable energy, but traditionally relies on connecting to a grid in order to function correctly. So when hurricanes hit Puerto Rico, even those with solar panels lost access to electricity. A micro-grid offers an alternative solution, however, by relying on battery power.

To help essential workers navigate the notorious traffic of Bogota, the city built over 50 miles of an emergency bike network. The plan was in place before the arrival of coronavirus but the execution was sped up to meet the demands of increased bike usage. Other measures were also put into place to make the roads more bike and pedestrian-friendly: Reduced speed limits for cars, a 20 percent increase in private parking for bikes, and a bike registration system to deincentivize bike theft. Efforts to expand bike lanes not only eased traffic, they also helped relieve pressure on the overcrowded bus system.

Philanthropies are funding “tough tech” startups that are developing technologies to cut greenhouse gas emissions and mitigate the effects of climate change. Since 2014, the nonprofit Prime Coalition has channeled more than $24 million from wealthy donors and foundations to 10 ventures focused on that goal. Not all of their investments, though, have paid off. Yet, some of these initial investments could lead to widespread solutions to the world’s climate crisis.

Clarke County School District in Georgia has 21 public schools that all offer free meals to students, regardless of their financial needs. This is facilitated through a federally-funded program, so even though poverty rates are high in the area, local residents are not footing the bill. While there are still some challenges implementing the program, in general it is received well and allows students to focus on their work and well-being instead of being distracted by hunger.

Pennsylvania law is preventing a Philadelphia neighborhood from converting an empty lot into a solar farm, but community members are working to fight against this by citing neighboring states that are seeing positive impact from similar projects. One such project is in Massachusetts where shared solar energy systems is helping to offset "80 percent of the power needs of a nearby assisted living facility, an affordable housing development, a family-owned hardware store and a non-profit serving those with disabilities."

A startup is making buildings more eco-friendly by converting their energy needs from oil and gas to electric heat pumps. BlocPower is a Black-owned clean tech startup that provides a no money down lease option, making it financially accessible.

Solar energy is a clean, cheap, renewable, and land-efficient resource, making it a valuable technology to scale up in the face of climate concerns and clean energy. Diversifying the supply chain for creating and sourcing solar panels can help make solar energy more reliable when faced with geopolitical and human rights issues.