Community Solar Surges One Year After Inflation Reduction Act, Boosting Access for Low-Income Households Nationwide.

Solar energy is booming one year after President Biden signed the Inflation Reduction Act (IRA), the most significant climate bill in U.S. history. The IRA effectively enshrined community solar in federal tax policy, leading to a flood of new projects in states with a regulatory structure. The law is also encouraging new business models that will accelerate the development of community solar, providing utility bill savings to low-income households. New partnerships between tech companies and solar developers will drive new national subscription models that prioritise direct community investments and benefit low-and-moderate income households. The process is also streamlined, aligning with existing processes such as income verification rules, savings calculation methodologies and subscriber allocation processes. The growth of community Solar is expected to continue as part of the Biden administration seeks to increase awareness of the solar opportunities made available.