With the goal of supplying low- and moderate-income locals as well as Public Storage's own facilities with sustainable power, the company plans to install more than 130 community solar projects at locations in Illinois, Maryland, and New Jersey.The company wants to set up a subscription program where residents can sign up to get the cheaper electricity produced by the solar source.
Public Storage stated, "This means underserved customers can benefit from renewable energy without having to install solar panels on their property." "It also eliminates the financial barrier connected to these projects." The solar arrays owned by Public Storage are anticipated to provide electricity to 10,000 households across a total area of 4.5 million square feet.Through community solar initiatives like this one, locals may take use of solar power without having to pay for it up front or give up space on their properties.
By the end of 2021, community solar projects in 39 states and Washington, D.C. will have produced more than 3,200 megawatts of sustainable electricity, according to the National Renewable Energy Laboratory. It is usually a good investment for people who can afford to buy their own home solar array and have the necessary space. According to Forbes, the average American household pays $125 a month for energy costs; however, installing solar panels can result in annual savings of up to $1,500.
Not to mention the decrease in pollution. Even while electricity emits no pollution when used, polluting fuel is still needed to make it in the first place, making it one of the cleanest energy options.