Commercial, Solar - October 3, 2023
Illinois Adds Rooftop Community Solar Arrays
Illinois will add 18 megawatts of new rooftop community solar arrays throughout the state for residential and commercial customers.
Altus Power, a commercial-scale provider of clean electric power, announced it has been awarded program allocation for additional planned arrays to be built across several portfolios of real estate throughout the state, including assets managed by Iron Mountain, CBRE Investment Management and other industrial owners of real estate.
The asset owners will receive rental income from a rooftop lease agreement with Altus Power.
The program allocations were made as part of Illinois Shines, a program supporting the development of onsite solar and community solar projects under the Climate and Equitable Jobs Act (CEJA). It was approved by the Illinois legislature and signed by the Governor in 2021.
Altus Power currently serves more than 20,000 community solar subscribers nationwide, which provides homeowners and renters of various income brackets access to the benefits of clean energy.
“We are excited to continue growing in Illinois and to deliver value to our real estate partners who are focused on the decarbonization of their real estate portfolios, while also delivering the benefits of clean electric power to households,” said Lars Norell, Co-CEO of Altus Power, in a statement. "We look forward to working with additional asset owners and developers in Illinois and across the country to identify opportunities to develop our commercial-scale solutions on available commercial and industrial spaces.”
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