7.8.9.2Vertical

Community Solar Programs

Subscription-based community solar program operators.

Market snapshot

These figures describe Solar Energy Development & Generation (7.8.9), the segment that Community Solar Programs sits within — not Community Solar Programs on its own.

FragmentationConsolidatingEstimate
Federal indicators
Net generation
~296 TWh (6.7% of U.S. generation)
Operating capacity
~124 GW nameplate
Trend
+24.5% CAGR (2018–2025)
Share of U.S. generation
1.5% (2018) → 6.7% (2025)

U.S. Energy Information Administration — Electric Power Operational Data, 2025 (net generation, all sectors). U.S. Energy Information Administration — Form EIA-860M, December 2024 (operating generators). U.S. Energy Information Administration — Electric Power Operational Data, 2018–2025.

Solar generation (NAICS 221114, ~$6B reported) is sized under Power Generation; solar development and distributed/residential solar span construction and services classifications and are not separately sized here.

Business model & economics

Revenue model

Development, PPAs, generation sales, and tax-credit monetization

Key economics

Recurring revenue
High

long-term PPAs and generation

EBITDA margin
Strong

contracted, infrastructure-like economics

Capex intensity
High

Characteristics

  • Cheapest new electricity in many markets.
  • Largest source of new U.S. capacity additions.
  • IRA credits, corporate PPAs, and data-center demand.

Geographic concentration

AlabamaAlaskaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth DakotaOklahomaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaIllinoisArkansasDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandArizonaNorth CarolinaNew MexicoCalifornia

Solar development and generation concentrate in high-irradiance and policy-supportive states — Arizona, California, North Carolina, and New Mexico.

ArizonaCaliforniaNorth CarolinaNew Mexico

U.S. Census Bureau — 2022 County Business Patterns (employment by state), NAICS 221114. Concentration shown by location quotient.

M&A deal context

Deal activityHigh

Who’s acquiring

  • Solar developers & IPPs
  • Infrastructure funds & asset owners
  • Energy majors & corporate buyers

What’s driving deals

  • IRA credits and corporate PPA demand.
  • Developer and asset-portfolio consolidation.
  • Data-center-driven electricity demand.

Find Community Solar Programs acquisition targets

Search Acquisera’s index for companies classified under Community Solar Programs (7.8.9.2) and build a targeted deal pipeline.

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