Nelnet Renewable Energy announced that it will take over the management of subscription services for five planned community solar projects in New York. The 20 megawatts of new programs are expected to serve customers in Schenectady, Jefferson, Oneida, Saratoga, and additional counties throughout the state. Nelnet Renewable, a Nelnet subsidiary specializing in community solar subscriptions, will help pass down savings to consumers who opt into the new programs.
According to Nelnet CEO Jeff Noordhoek, the company was initially built to serve the public. The emergence of community solar and renewable resources has provided Nelnet the opportunity to give the consumers cost-saving benefits while also helping the environment. Nelnet Renewable Energy puts a heavy focus on the community and solar energy to promote sustainability.
Noordhoek confirmed in a press release that there are no upfront costs to the community solar programs. The purpose is to appeal to families of all sizes and demographics, regardless of whether they live in low or high-income areas. Those that do subscribe are provided with monthly credits toward their energy bills while they help reduce the carbon footprint of the New York counties.
The five planned community solar projects are being developed by Green Street Power Partners, LLC (GSPP). Though Nelnet will handle subscribers and account management, GSPP is responsible for the financing and development of the projects. These five will be added to the company’s 21 completed and fully subscribed projects and 37 active programs in Illinois, Minnesota, New York, and Massachusetts.
By 2050, the state of New York expects to have 100% net-zero carbon emissions. To reach that goal, the state and its counties have become a leader in community solar operations. The new planned community solar projects have a waiting list for new signups. The spots are expected to fill up quickly as they are extremely limited. Customers interested in signing up through Nelnet should visit its official website at NelnetEnergy.com.