Photovoltaic (PV) groups, also known as community solar projects or shared solar installations, represent a significant shift in how renewable energy is deployed and consumed. Instead of relying on individual homeowners to install rooftop solar panels, these initiatives pool resources and expertise to develop larger-scale solar farms that serve multiple households or businesses. This approach offers numerous advantages, addressing some of the limitations associated with traditional residential solar.
The concept has gained considerable traction globally, driven by decreasing PV costs, growing environmental awareness, and increasingly sophisticated financing models. At its core, a photovoltaic group leverages economies of scale to reduce upfront investment costs and streamline project development. Furthermore, it can provide access to solar energy for those who may not be able to install panels on their own properties – renters, apartment dwellers, or those with unsuitable roofs.