Washington, D.C. has one of the most ambitious renewable portfolio standards in the country, aiming to convert to 100% renewable energy use by 2032. In order to augment the objective of this goal, Washington’s Department of Energy and Environment has designed a program called Solar for All that enables low-income residents to enjoy the benefits of renewable solar energy in order to lower their energy costs. With the aim to lower 100,000 low-income residents energy bills by 2032, Community will receive a 50% discount on their bill for 15 years by connecting to a Community Solar system. This reduction is an exciting program for low-income residents who can benefit from deep savings on their utilities while switching from fossil fuels to sustainable energy and supporting local jobs in the solar sector.
How does SaveSolar facilitate this? We are working with the DOEE to make sure that Solar for All’s tax credit incentives are being connected with developers to realize solar rooftop projects. SaveSolar offers to lease rooftops of commercial or public buildings with underutilized roof space, and takes over the distribution of energy generated from the project to income-qualified residents through its subscriber management system. SaveSolar aims to service multi-family affordable housing residents in particular, as it has proven a successful track record of financing larger scale projects under D.C.’s Solar for All program.
We know how daunting it can be to finance roof construction and solar installations for developers. With our team’s combined experience of over 50 years in the renewable energy sector, we understand what it takes to get a renewable project across the line. SaveSolar is able to provide immediate capital and long-term revenue for interested developers.
Beneficiaries of renewable energy sector at the residential level is cost-prohibitive for the vast majority of families. Thanks to D.C.’s Solar for All initiative, SaveSolar is dedicated to informing income-qualified residents about the financial incentives and environmental benefits of switching to a solar alternative.
By bridging the gap with its subscription system and [deal financing?], SaveSolar not only makes funding possible for the construction of solar systems, but it also takes the energy generated from its projects and distributes it to low- and moderate-income residents. Along the way, SaveSolar is committed to making sure all income-qualified D.C. residents are informed of the opportunity to reduce their energy bill by switching to a solar subscription. We are creating a win-win scenario for developers and residents alike.