Is community solar a pyramid scheme? That is the question on many people’s minds lately. You may have heard a lot of talk about community solar lately and wonder if it is nothing more than a scam.

So, what is community solar, and is it a pyramid scheme?

This blog post will discuss community solar and answer these questions. Stay tuned!

What is a pyramid scheme?

A pyramid scheme is an unsustainable business model in which people are lured into an investment that promises quick, exceptional returns on the investment.

The purpose of a pyramid scheme is to continuously recruit people into paying a monthly fee for “the opportunity”. The pyramid scheme collapses when recruitment and expansion fail, leaving only those at the top with money and those below them holding the bag.

What makes community solar different than a pyramid scheme?

In a pyramid scheme, there is no product. However, a real project local to your home exists with community solar.

There would be a cost involved in a pyramid scheme

There’s also no cost to sign up to use a legitimate community solar farm.

Pyramid schemes are unsustainable, but community solar farms easily produce affordable and renewable energy once installed and set up.

What are the benefits of community solar?

You save money on electricity, and the panels are better for the planet than coal, and fossil fuels are. This means community solar is a sustainable business model that benefits both people and the planet.

Community solar allows multiple homes to share the benefits of solar

Instead of buying power from coal and fossil fuels, which are skyrocketing in cost, a great alternative is to choose community solar.

Community solar is a great way for people to save money on their electricity bills, and it also helps to reduce our reliance on fossil fuels.

The financial incentives of community solar are often contractually guaranteed

If you want to read the community solar contract for yourself, all you have to do is email us and ask. We love what we do, and we do it for you.

In this article, we explained how community solar could benefit utility subscribers of Pepco, BGE, and Potomac Edison in Maryland.

However, the rules and regulations for community solar vary state by state.

Research community solar if you’re still concerned about pyramid schemes

If you’re considering signing up for community solar, be sure to do your research first. Make sure you understand how the program works and the terms and conditions.

So, is community solar a pyramid scheme?

The answer is no! Community solar is not a pyramid scheme because it does not require participants to recruit new members to make money.

Additionally, community solar provides tangible benefits to participants, such as saving money on electricity costs and having cleaner air and drinking water.