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Solstice's Community Benefit REC Program: A Leap Toward Energy Equity

In an ambitious move towards promoting clean energy access, Solstice, a dedicated community solar provider, has initiated its Community Benefit Renewable Energy Credit (REC) program. This program aims to channel investment toward disadvantaged communities, ensuring that the benefits of renewable energy extend far beyond corporate profits. With Microsoft as one of its pioneering customers during the program’s pilot phase, Solstice is set to pave the way for a fundamental shift in community-based renewable energy projects.

What is the Community Benefit REC Program?

The Community Benefit REC program allows corporate buyers to purchase RECs, with funds directed to support critical initiatives, including:

• - Enhancing capacity for community solar cooperatives
• - Installing solar panels for nonprofit organizations
• - Expanding workforce development programs in the solar sector for underserved communities
• - Offering utility bill assistance to households grappling with energy insecurity

The allocation of funds will be tailored to meet the distinct needs of each selected community. By collaborating with local nonprofits and organizations, Solstice can pinpoint where interventions are necessary, including contributions to community solar co-ops that often miss out on traditional funding options. This strategy not only boosts infrastructure but also fosters local economic growth.

Real-World Impact: Supporting Community Organizations

Among the first beneficiaries of this program is the Boston Medical Center (BMC). The financial backing will facilitate the installation of more solar panels, significantly aiding BMC's Clean Power Prescription Program. This initiative aims to reduce utility expenses for eligible patients, linking health and environmental sustainability directly.

Dr. Anna Goldman, the Medical Director of Climate and Sustainability at BMC, stated, "With Clean Power Prescription, we strive to relieve energy-related financial challenges by leveraging cleaner solar energy. The generosity of companies like Solstice and Microsoft makes our work viable. Achieving holistic health requires addressing more than just medical needs. BMC has been at the forefront of tackling the social and environmental challenges impacting patient health for over 20 years."

In addition, funds will support the Boston Community Solar Cooperative (BCSC), which plans to establish its first community-owned solar array atop the Dorchester Food Co-op. BCSC aims to rewrite the narrative of Boston's energy future by making solar energy accessible to economically disadvantaged neighborhoods.

Another organization, Community Work Services (CWS), will utilize the funding to scale its Clean Energy job training program, thereby creating employment opportunities in the renewable energy sector for underserved groups, including those reintegrating into society.

Unlocking Potential Through Collective Action

These organizations exemplify the diverse impacts of Solstice’s funding. Each initiative receives tailored support through the Community Benefit REC program, amplifying local efforts toward energy equity and sustainability.

Solstice encourages corporations looking to invest in community-based clean energy projects to explore the potentials of Community Benefit RECs. By aligning corporate funds with local needs, organizations can transform their contributions into lasting benefits for the communities they aim to uplift.

For those interested in learning more about how Community Benefit RECs can enable your company's corporate funds to support local initiatives, visit Solstice’s website.

Conclusion

Founded in 2016, Solstice Power Technologies is on a mission to ensure that every community can enjoy the advantages of clean energy. The company connects businesses and households with community solar farms that not only cut electricity costs but also propel innovation in inclusive financing solutions. The launch of the Community Benefit REC program marks a significant step in creating tangible financial benefits for under-resourced community members and the organizations serving them. Through such initiatives, the renewable energy landscape can become more equitable, ensuring that the benefits of clean energy reach those who need it the most.

For more detailed information, please contact Solstice Power Technologies LLC.

Media Contact:
Mary Jackson
Solstice Power Technologies LLC
Email: [email protected]

Learn more about Solstice at solstice.us.