Clean Energy and Economic Development
For the economics – what results from building a solar project at the utility level scale is often the largest investment that these communities have had in generations.Laura Zapata – Clearloop Co-Founder
Clean energy investments in disadvantaged communities can rejuvenate their economies. This comes from several different factors such as the construction of the project, ongoing maintenance of the project, but also the increase in tax revenues. The solar project that is developed in a community will continue to operate for the next 40 years, providing a tax base solid tax basis for these communities.
If companies are going to offset their carbon footprint, we should also encourage them to expand clean energy in more equitable ways.Laura Zapata – Clearloop Co-Founder
By spreading out the investment of solar energy across the country, we make sure that the development of solar is more equitable to the whole US population. Through our research, we have identified areas that have the dirtiest grids and are in need of economic development as determined by the US Treasury. By combining these two important attributes, we are able to make investments in communities that need it the most while making the largest impact on the carbon emissions from our electricity grid.
Want to learn more about how to offset your carbon footprint and expand access to clean energy with Clearloop? Drop us a note at firstname.lastname@example.org or contact us here.