Impact Investor Enhanced Capital Invests In Solar Landscape Community Solar Projects

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New Jersey's low- and moderate-income residents are going to save a lot of money on their electric bills over the next 20 years thanks to a new solar system on their rooftops, the Star-Ledger reports.

The system, which is expected to produce almost 50 million kilowatt hours a year, is the largest solar portfolio in New Jersey to date and is the work of Solar Landscape, which has installed more than 115 megawatts of solar systems in the state, according to a press release.

The system is expected to save residents an average of 20% on their electric bills.

"This expansion makes Solar Landscape's community footprint one of the largest clean energy nation's specifically designated for low- and moderate-income households and will drive down their utility costs by 20% on average," Ed Rossier, managing director of Climate Finance, which provided funding for the project, says in the press release.

The system is expected to help thousands of low- and moderate-income New Jersey residents reduce their energy costs, as well as help the state reach its goal of running on 100% renewable energy by 2045, according to the press release.

Solar Landscape says it has installed more than 200 megawatts of solar systems in 39 states and Washington, DC, over the past 20 years.

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