SolarCity, the biggest solar installer in the US, announced a new program to install solar for affordable housing communities. Under the new program, SolarCity will finance and install solar arrays for affordable housing developers, and then the company will distribute the energy produced by the solar panels to individual housing units. SolarCity says that the residents will receive credits on their utility bills based on the amount of solar electricity allocated to their units. This new billing system is made possible by a new policy called virtual net metering.
In California, they are partnering with Everyday Energy to offer the new service.
Scott Sarem, Co-Founder and Chief Executive Officer of Everyday Energy, on the new program:
“We expect the collaboration between SolarCity and Everyday Energy to make it possible for a broad range of multifamily affordable housing communities to save money on energy costs that can instead be spent on food, healthcare and other critical needs,”
The company says that monthly utility costs are the second largest bill most families face, after housing expenses.
In a press release, SolarCity says that the CPUC’s Multifamily Affordable Solar Housing (MASH) program and the New Solar Homes Partnership (NSHP) administered by the California Energy Commission are key to the company’s new offering for affordable housing communities.
FTC: We use income earning auto affiliate links. More.
Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.