Clean Energy Collective Wins with Growth of Community-Owned Solar

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Community-owned solar has been a hit around the country. By locating panels offsite, people who are unable to install rooftop solar can still buy or rent panels and reap the benefits. Additionally, the arrays are sited to operate at peak efficiency, which can deliver up to 15% more power than a rooftop array. These systems can go hand in hand with rooftop systems, to ensure that everyone who wants solar is able to get it.

Clean Energy Collective (CEC), a developer of community-owned solar, has been named to the 2014 Inc. 500 list, an exclusive ranking of the nation’s fastest-growing private companies. Ranked number 194 overall, and 11th within the energy segment, CEC was recognized for its innovative community-owned solar solution being adopted by utilities and communities across the country. Between 2010 and 2013, CEC’s revenue grew 2217%. This is a clear indication that people want their solar, and if they can’t have it on their roof they are willing to purchase it from elsewhere.

“We are thrilled to be named to the Inc. 500 list, and I’m so proud of our great team and committed partners,” said Clean Energy Collective CEO, Paul Spencer. “The rapid growth of CEC’s community-owned solar model is a testament to the public’s desire to support renewable energies as strong financial and environmental solutions. The energy industry is evolving, and utilities and consumers are coming to us for long-term solutions that make sense for all stakeholders.”

The 2014 Inc. 500, to be unveiled in the September issue of Inc., represents a comprehensive look at America’s independent entrepreneurs. “They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says Inc. magazine Editor Eric Schurenberg.