Community Power Accelerator Prize: Accessing Capital to Deploy Equitable Community Solar
- Local Government
- Native/Tribal Entity
- Private Sector
- State Government
- Energy Infrastructure
Reserved for Energy
The American-Made Community Power Accelerator Prize is a $10 million prize competition designed to fast-track the efforts of new, emerging, and expanding solar developers and co-developers to learn, participate, and grow their operations to support multiple successful community solar projects. The goal of this prize is to grow a robust ecosystem of community solar project developers that incorporate meaningful benefits into projects across the United States.
This three-phase prize aims to increase the number of equitable community solar projects by providing funding and resources for developers and co-developers throughout the project pre-development process, including:
• Tools and resources to connect developers with private sector project financing for community solar projects using a standardized process.
• Training to understand the full cycle of community solar development, including site acquisition, community relations, customer acquisition, securing financing, costs, and the unique challenges and benefits of a community solar model.
• Free consulting services to competitors on the steps necessary to get a community solar project financed.
• Coaching on expanding developers’ solar customer markets to include low- and moderate-income populations, disadvantaged communities, and local workforce development, as well as increase resilience to power outages and household savings to make community solar projects attractive to the widest range of customers possible.
By the end of the prize, competitors will be ready to engage with the Community Power Accelerator online platform, which provides a place for competitors to shop their credit-ready projects around to verified project developers, investors, and philanthropic organizations.