The Connecticut Green Bank introduced that eight inexpensive multifamily housing properties are transferring ahead as the primary spherical of initiatives underneath the Solar Marketplace Assistance Program Plus (Solar MAP+), which makes it simpler for inexpensive multifamily housing suppliers to entry renewable vitality and battery storage.
When accomplished, the eight photo voltaic vitality initiatives will collectively ship roughly 2.4 MW of fresh vitality to 473 residential items — offering property homeowners with a median of roughly $569,000 in vitality price financial savings over the lifetime of the panels, whereas saving tenants, on common, greater than $350 yearly in vitality prices. Connecticut-based photo voltaic corporations Earthlight Applied sciences and PurePoint Power will set up the programs on the eight properties.
“We’ve efficiently introduced Photo voltaic MAP+ to Connecticut colleges, communities and state businesses, and we’re excited to assist our first group of inexpensive multifamily properties entry clear vitality options,” mentioned Mackey Dykes, Government Vice President of Financing Applications on the Connecticut Inexperienced Financial institution. “By eradicating technical and monetary boundaries and offering complete help, we’re making it simpler for homeowners and residents to learn from decrease vitality prices and elevated resilience. This program helps be certain that renewable vitality is accessible to the communities and residents who stand to learn essentially the most.”
The eight inexpensive multifamily properties that can profit from new photo voltaic vitality programs by means of Photo voltaic MAP+ are: Foote Commons in Cheshire, Beachport Senior Housing in Cheshire, Mount Carmel Village in Hamden, Congregate Housing in Hamden, Hamden Village in Hamden, Juniper Hill Village in Storrs, Entry Housing at Parker Place in Tolland and Federation Sq. in West Hartford.
“The Hamden Housing Authority is proud to companion with the Connecticut Inexperienced Financial institution Photo voltaic Program to deliver clear, inexpensive photo voltaic vitality to our Aged and Disabled Housing Residents. This venture helps scale back our residents’ total vitality prices, which helps long-term affordability and peace of thoughts for the individuals we serve,” mentioned Hazelann B. Prepare dinner, Government Director, Hamden Housing Authority. “For individuals dwelling on fastened earnings, these financial savings could make a significant distinction, serving to stretch month-to-month budgets and offering larger monetary stability. We’re grateful for this partnership and the chance to spend money on a extra sustainable and cost-effective future for our residents.”
By means of Solar MAP+, which covers each photo voltaic and storage, inexpensive multifamily housing suppliers obtain no-cost technical help, website choice and venture design help, entry to financing and monetary incentives, and extra from the Inexperienced Financial institution. To qualify for Photo voltaic MAP+, properties should embody a minimum of 5 items. Not less than 60% of items have to be occupied by residents incomes lower than 60% of Space Median Earnings (AMI).
Information merchandise from Connecticut Inexperienced Financial institution
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