The Connecticut Green Bank introduced that eight inexpensive multifamily housing properties are shifting ahead as the primary spherical of initiatives beneath the Solar Marketplace Assistance Program Plus (Solar MAP+), which makes it simpler for inexpensive multifamily housing suppliers to entry renewable power and battery storage.
When accomplished, the eight photo voltaic power initiatives will collectively ship roughly 2.4 MW of unpolluted power to 473 residential items — offering property homeowners with a median of roughly $569,000 in power price financial savings over the lifetime of the panels, whereas saving tenants, on common, greater than $350 yearly in power 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 faculties, communities and state companies, and we’re excited to assist our first group of inexpensive multifamily properties entry clear power options,” stated Mackey Dykes, Govt Vice President of Financing Packages on the Connecticut Inexperienced Financial institution. “By eradicating technical and monetary obstacles and offering complete help, we’re making it simpler for homeowners and residents to profit from decrease power prices and elevated resilience. This program helps make sure that renewable power is accessible to the communities and residents who stand to profit probably the most.”
The eight inexpensive multifamily properties that can profit from new photo voltaic power programs via 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 accomplice with the Connecticut Inexperienced Financial institution Photo voltaic Program to convey clear, inexpensive photo voltaic power to our Aged and Disabled Housing Residents. This venture helps cut back our residents’ total power prices, which helps long-term affordability and peace of thoughts for the folks we serve,” stated Hazelann B. Prepare dinner, Govt Director, Hamden Housing Authority. “For folks dwelling on fastened revenue, these financial savings could make a significant distinction, serving to stretch month-to-month budgets and offering higher 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 way 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 embrace at the very least 5 items. At the least 60% of items should be occupied by residents incomes lower than 60% of Space Median Revenue (AMI).
Information merchandise from Connecticut Inexperienced Financial institution
