No. The developer builds and maintains the panels on a nearby solar farm. You do not have to install solar panels on your property.
Navigate Community Solar Programs For Your Organization
Many commercial businesses and municipalities cannot or prefer not to install solar panels on-site. In these situations, Titan Energy can help determine the best community solar solution for your organization and create a simple way to reduce energy costs by 10-25% with no installed equipment or out-of-pocket expense.
How Community Solar Works
A local community solar project is producing clean, renewable energy each month.
As solar power enters the power grid the number of kilowatts are recorded by the local utility.
The utility then allocates the financial benefits from the electricity production to each off-takers’ utility bill in the form of a line-item credit.
Titan Energy is not a developer. We work on your behalf to navigate the community solar options that make sense for your team. We are agnostic in the process.
Benefits
Why community solar makes sense
Receive discounted credits, saving 10 to 25% on energy costs
Meet sustainability goals by purchasing renewable energy
Support local solar projects in your utility zone
Proven and energy cost savings opportunity
Our Process
Our community solar consulting guide
Why Titan is a Great Partner for you
We Understand Power Generation
Titan Energy has extensive experience concerning Power Purchase Agreement (PPA) negotiation, asset ownership, asset development, and professional bid services across a spectrum of technologies, including solar, fuel cells, and combined heat and power (CHP).
Trust in Our Independence
At Titan Energy, we perform our bid services “at-risk” which means Titan is only paid once the community solar project is complete and the discounted credits are flowing to your facility. Titan Energy is truly vendor agnostic.
Frequently Asked Questions
Is our facility eligible?
Currently, there are programs in Maine, New York, Massachusetts, Illinois, and Connecticut. We help present energy procurement opportunities for your team.
How does this program lower electricity costs?
Your building is allocated a percentage of the community solar project. Your electricity utility account earns dollar-credits as the community solar project generates power. In turn, you pay the developer a discounted rate for those credits. For example, let’s say your portion of the array generates $100,000 worth of electricity. If your discount rate is 10%, you receive a credit $100,000 on your utility bill and pay the solar owner $90,000. Your savings equals $10,000.
Will we receive two bills?
Yes. The developer will send you a monthly statement with an invoice for your building’s allocation. The building will also receive a regular electric bill where you will find the credits earned from the community solar program.
Does community solar count toward corporate sustainability goals?
Yes. Your purchases are directly traceable to a specific solar asset and help support the development of a renewable energy asset just as if it was located on your roof.
What kinds of offers are you seeing in community solar markets?
The range of discounts we are seeing in the market are between 10 and 25%.
What does this all cost our organization?
Zero. You begin paying for credits after the credits begin to flow to your utility bill.
Does the number of accounts make a difference?
Not necessarily. Single large meters are ideal for tracking and accounting purposes, but we can work with a larger number of meters.
How long does this RFP process take?
The bid process itself usually takes about 3 to 4 weeks. Your credits will begin to flow when the solar project is commissioned by the utility, and that timeframe depends on where the developer is in their construction process.
What if we don't like the results of your bid process?
Zero issue – you can walk at any time without any fees due to Titan.
Is the "fixed discount" my only option?
No, you could elect to have a fixed price for your credit. The appropriateness of the choice is something we should discuss with your budgeting needs in mind.
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