Nautilus Solar 2024 Growth Reinforces Leadership in Community Solar
In 2024, Nautilus Solar added 149 MW to its operating portfolio, reaching nearly the 500 MW milestone, and delivered clean power to over 40,000 community solar subscribers
SUMMIT, N.J.–(BUSINESS WIRE)–Nautilus Solar Energy® LLC, a leading provider of community solar in the U.S. and a contributor to America’s energy independence transition, today announced its 2024 energy impact metrics. In another milestone year, Nautilus grew its community solar energy capacity across the country by adding 149 MWs of new projects into its expanding operating portfolio. As a result, Nautilus is now operating 477 MW of community solar projects across 12 states and serving 40,000+ community solar subscribers. With these operating metrics, Nautilus is firmly cemented as one of largest and most successful community solar companies in the U.S.
“Nautilus’ continued growth in 2024 is a testament to successful collaboration and execution across our entire company” said Jeffrey Cheng, CEO of Nautilus Solar. Further, “in the face of economic uncertainty, our community solar offerings are providing tangible value and savings for our subscribers, which are critical factors to our continued expansion. 2025 looks equally exciting with new states evaluating community solar policies and overall subscriber demand increasing. We’re looking forward to providing these new communities and constituents with energy choices, benefits and savings,” added Mr. Cheng.
2024 Milestones: Expanding Community Solar Nationwide
Nautilus Solar’s rapid expansion in 2024 reinforced its leading position in the community solar marketplace. With 146 projects operational across 12 states, Nautilus Solar’s steadily growing environmental and economic impact now includes:
- 477 MW total operating capacity.
- 446 million kWh of clean energy produced, offsetting more than 300,000 metric tons of CO2—equivalent to taking 65,000 cars off the road for a year.
- 40,000+ subscribers saving over $3.7 million from lower energy costs through community solar credits.
As a true full-service provider, Nautilus Solar oversees every aspect of its community solar business, including financing, development, construction, maintenance, as well as overall customer management, thereby ensuring long-term success and sustainability.
About Nautilus Solar Energy
Nautilus Solar Energy® LLC is a leading provider of community solar in the U.S. and a contributor to America’s clean energy transition. Delivering affordable, clean energy solutions to residential and commercial customers, Nautilus Solar operates and manages 146 community solar farms across 10 states. It takes a unique, full-service approach to community solar—handling project financing, development, construction, maintenance and customer management for the entire lifespan of every project. Since its founding in 2006, Nautilus Solar has been at the forefront of developing cost-effective renewable energy solutions. By lowering electricity costs and spurring local economic growth, Nautilus Solar powers job creation, strengthens regional infrastructure and enhances grid resilience. Nautilus Solar is backed by Power Sustainable, a multi-platform alternative asset manager and wholly-owned subsidiary of Power Corporation of Canada. For more information, visit nautilussolar.com. Join Nautilus Solar on LinkedIn, Facebook, Instagram and Twitter.
Contacts
Media Contact:
Brittni Borrero
Gabriel Marketing Group (for Nautilus Solar Energy)
248-931-3418
