Several things make the NVBT different from the California community solar programs that have come before, said Aaron Halimi, founder and president of Renewable Properties, a community solar developer headquartered in San Francisco. 

First, it would not come with caps on how much capacity can be built before funding dries up. Instead, it would create an open-ended set of rules for how much money project developers can expect to make over the coming decade. That’s critical for giving developers and their financial backers more confidence that it’s worth their effort to focus on the market for the long haul.

“We pivoted our entire California development pipeline for this upcoming community solar program,” Halimi noted. 

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