California condo homeowners and managers who present housing for low-income residents can now entry main price financial savings on power storage programs via the state’s Solar on Multifamily Affordable Housing (SOMAH) Program.
A Sunrun installation that accessed SOMAH incentives.
The new incentive offering makes it extra reasonably priced for eligible properties to pair storage with photo voltaic power programs, boosting power resilience for residents whereas decreasing long-term electrical energy prices. Power storage programs should be paired with new SOMAH photo voltaic installations.
Incentives can cowl as much as 100% of eligible storage venture prices, relying on system measurement and tenant profit. Funding is offered for programs designed to serve tenant items, frequent areas or each, so long as the bulk advantages tenant items. By capturing extra photo voltaic power, storage can scale back utility payments, present backup energy throughout outages and assist California’s transition to scrub, resilient power.
“Throughout a deliberate energy outage or an emergency, power storage can hold the lights on, the fridge chilly and cell telephones charged,” stated Anna Taleysnik-Mehta, SOMAH senior venture supervisor on the Middle for Sustainable Power. “It’s additionally a sensible approach to handle your property’s power prices by utilizing saved solar energy in the course of the hours when electrical energy costs are highest.”
Practically $184 million has been allotted statewide for power storage incentives over the subsequent seven years. To qualify, properties should meet present SOMAH eligibility necessities, together with serving deed-restricted low-income households and being in a utility territory served by Pacific Fuel & Electrical, Southern California Edison, San Diego Fuel & Electrical, Liberty Utilities or PacifiCorp.
Different current adjustments to the SOMAH Program embrace expanded funding for roof repairs wanted to put in photo voltaic and streamlined approval and fee processes in areas with low program participation.
A program of the California Public Utilities Fee, SOMAH delivers clear photo voltaic power and month-to-month utility invoice credit to a whole bunch of 1000’s of low-income residents that in any other case wouldn’t have entry to renewable power for his or her properties.
Since its launch in 2019, SOMAH has awarded and reserved greater than $240 million in incentives to assist over 100 MW of photo voltaic capability serving greater than 59,000 tenant households throughout the state. It’s the largest low-income photo voltaic program within the nation.
SOMAH’s distinctive, community-based strategy ensures long-term monetary advantages for low-income households and property homeowners, helps speed up the photo voltaic market on multifamily housing and creates jobs in deprived and low-income communities.
Information merchandise from SOMAH
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