The definition of community solar can vary, but the term generally refers to a shared solar PV project which is open to multiple subscribers. This allows subscribers to save on electricity bills and support renewable energy — without installing solar panels on their property. The community solar project is built somewhere in the locality and each subscriber receives bill credits proportional to their share of the energy generated by the community solar project.
YSG Solar is a development company that specializes in financing, engineering and constructing solar energy facilities. Based in New York & California, we serve surrounding areas and are open to developing projects across the country. With a decade of industry experience, we know the solar sector from top to bottom.
It costs $0 upfront. Yes, $0, you read that correctly. Just sign up and start receiving the credits on your energy bill every month — easy savings, no hassle.
You should subscribe if you want to:
1. Save money
2. Make a positive environmental impact
3. Use clean, sustainable energy — without installing physical equipment
If your utility rate is residential, small non-residential, or religious, you should be good to go. Which project you can sign up to depends on your location. Subscribers must be located in the same utility territory/”load zone” as the project itself. If you’re unsure about which project you can join then we are more than willing to assist you in locating the ideal project for your needs.
Reach out to YSG today and we can get things started. Visit our website for more in-depth info about community solar or call us directly at 212.389.9215. We can help you to choose the right project based on availability in your area. We determine how much energy your home needs and manage the energy credits — you simply receive the bill credits and save money, each and every month.
You are subscribed to a share of a community solar project, with the size of your share determined by your energy needs. Your share of the solar panel installation generates electricity which is deducted from your utility bill in the form of a bill credit each month.
Subscribers receive a ‘Solar Credit’ which offers a discount compared to the value of the credit. For example, say the discount is 10% and the value of the solar credit is equal to $100/mWh — then the subscription cost is equal to $90/mWh.
No installation required! This is the main draw of a community solar subscription — all the benefits of solar energy, with no changes to your property whatsoever and no interference in your day-to-day life.
The contract is for a total of 12 months. Subscribers may choose to renew the agreement after the 12 month period with a maximum of a 1% annual escalation.
As long as you remain in the same utility zone you can remain subscribed to the same project.
If you transfer your subscription to another electric account, you will not be subject to any fees. Transfers are only available for subscribers located within the same NYISO load zone and EDC (Electric Distribution Company/Utility).
You may terminate the agreement at any time, as long as you provide YSG with at least 60 days notice. Subscribers will be responsible for a prorated portion of the monthly subscription fee, in respect of the month in which the termination becomes effective.
Again, this varies on a project-by-project basis. Nonetheless, with a community solar subscription you can expect a significant reduction on your utility bill each month with virtually no effort on your part.
You will not be without power as you are still connected to the grid and receiving electricity via your utility company. However, the monthly discount on your electric bill may be temporarily affected. If a project is terminated entirely, we will assist you in finding a new project in your utility zone.