Arcadia is this month launching its first community solar project in Massachusetts with developer Madison Energy Investments. The project will offer residents in Methuen the ability to choose renewable energy while also guaranteeing savings on their utility bills.
Arcadia’s Methuen project is 230 kW and can support 50 subscribers, the majority of whom are low-income ratepayers. This project is the first of many for Arcadia and Madison Energy Investments in Massachusetts, with a pipeline of at least 15 projects all scheduled to come online in 2020. Additionally, Arcadia’s Methuen project will be credited under the Massachusetts Department of Energy Resources (DOER) Solar Massachusetts Renewable Target (SMART) Program to grow the state’s solar market and generate millions of dollars of investment in Massachusetts.
Traditionally, accessing community solar requires residents to fill out extensive paperwork, agree to lengthy contracts of 10 years or more, undergo a credit check, and pay an additional monthly electric bill. These standards pose a challenge for residents that want access to renewable energy, but are unable to meet the requirements. Arcadia eliminates these barriers to entry. The company connects members to community solar through a two-minute sign-up process, with no cancellation fees or credit requirements.
“The future of energy is people-powered, and we look forward to bringing Methuen households hassle-free guaranteed solar savings,” said Kiran Bhatraju, CEO of Arcadia Power. “Community solar can, and should, be easy to access for everyone in the state of Massachusetts.”
“Massachusetts is setting the stage for other markets on how to revolutionize the energy industry through community solar, prioritization of low-income customers and integration of battery storage with solar,” said Steve Cunningham, Managing Partner of Madison Energy Investments. “The SMART program provides customers of all types with access to solar, and that is only possible through partnerships with organizations like Arcadia.”
The launch, in a partnership between Arcadia and the Madison Energy Investments, is an important step in Arcadia’s nationwide effort to reach a 100% renewable energy future. Madison Energy Investments provides the institutional capital needed for customers across the country to have access to stable, long-term clean energy assets.
News item from Arcadia