Enterprise Community Partners has partnered with DC Green Bank to invest $12.4 million to install solar panels on four affordable homes in Washington, DC.
Arbor View and Randle Hill residential buildings in District 8 will have rooftop solar panels, Oxon Run in District 8 and Edgewood Commons in District 5 will have solar canopies and new electric vehicle charging stations . It will generate around 2.2 megawatts of electricity for 536 households.
All four lots are owned by Enterprise Community Development , a subsidiary of the not-for-profit housing association Enterprise .
John Fox , the company's director of community development, told the Business Observer, "All properties serve low-income residents and our goal is to provide significant savings for our residents through our community solar program . " get on utility bills.”
In addition, the use of solar energy will reduce demand for the coal-fired power plants that currently power the region's power grid.
“Companies are doing their part to reduce harmful emissions from coal-fired power plants by installing solar power and reducing the particles (sulphur dioxide and nitrogen oxides) that cause asthma and acid rain, in addition to carbon dioxide. That's carbon warming," Fuchs said.
Selected properties from solar radiation and location assessment.
"Currently two locations have small solar arrays and our goal was to maximize the potential of solar energy at those locations with canopies covering all parking lots," Fox said. "We also have two locations where solar panels can be installed on the roof, and based on our analysis, these two locations offer the best capacity for systems of 250kW or more."
DC Green Bank provided $3.75 million in home equity financing.
"To achieve our shared climate, energy, accessibility and equity goals, we know that households in cities must also make solar choices, " said Jean Nelson-Huppert , CEO and chief financial officer of DC Green Bank Colorado Emissions and the cost of living will increase our resilience to electricity and climate change as household costs rise. Also offers good and clean workspaces here in DC.
Keith Loria can be reached at Kloria@commercialobserver.com .
