Xcel Energy selected Pivot Energy to develop a 41-MW community solar portfolio in Colorado that will exclusively serve income-qualified households that fall beneath an established income threshold. This will be one of the largest income-qualified portfolios in the United States, potentially impacting thousands of households.
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Colorado-based Pivot Energy has a long track record of successful project development initiatives geared toward income-qualified households. Community solar subscriptions just for income-qualified households helps provide renewable energy options for those who are usually priced out of the clean energy transition.
The development of an income-qualified portfolio of this size is possible in Colorado because of the state’s renewable energy regulatory landscape, according to Xcel, which is designed to address energy equity issues while fulfilling the public demand for an energy transition.
“Subscribing to these community solar gardens will bring energy-bill savings to our income-qualified customers and help them be part of the clean-energy transformation,” stated Emmett Romine, VP of customer solutions and innovation for Xcel Energy.
Pivot manages all of this through its SunCentral platform, a proprietary cloud-based software.
“Pivot Energy is thrilled to deploy this portfolio, which will deliver profound benefits — both environmental and economic — to thousands of income-qualified households,” stated Tom Hunt, CEO of Pivot Energy. “As the renewable energy industry strives to advance both energy equity and the clean energy transition, I hope to see other states and utilities emulate the leadership and constructive collaboration of Xcel Energy and the state of Colorado to facilitate more equitable access to clean energy.”
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