For this reason, the first renewable project that a city undertakes is often based in its own community.
Or it could be a community solar program, which allows residents to subscribe to a shared solar project within the community.
These kinds of projects visibly demonstrate a local government’s dedication to climate action.
The clean electricity they provide to municipal facilities and residents can reduce community-wide greenhouse gas emissions.
Nevertheless, the upfront cost of installing solar can be daunting to cash-strapped local governments.
One way a city can manage costs is by entering into an on-site physical power purchase agreement (PPA), a financial contract in which a solar developer owns and maintains a solar photovoltaic system that is installed on a municipally-owned building and sells the electricity to the city at a discount.
Over the 20-year term of the contract with developer Sol Systems, Washington anticipates saving $25 million from reduced electricity costs.
Fayetteville, Arkansas used a similar model to make progress toward its goal of achieving 100 percent municipal use of clean energy by 2030.
Stimulating the Local Economy and Creating Well-Paying Green Jobs In 2018, the U.S. added 110,000 net new clean energy jobs, outnumbering jobs from fossil fuels by about three to one.
The Campaign is expected to create more than 10,000 jobs for Philadelphia residents in 10 years and create $200 million in savings for the local economy.