Residents of affordable housing units in Ventura County could see savings on their utility bills soon through a new state program that incentivizes solar power on multifamily affordable housing.
The Solar on Multifamily Affordable Housing program provides up to $100 million a year in financial incentives for installation of solar energy systems on multifamily affordable housing in California. It requires that savings from solar power be passed on to residents, and aims to install 300 megawatts of generating capacity by 2030. According to the Solar Energies Industry Association, a megawatt of solar power can power 190 single-family homes.
In just the first day accepting applications, the program received enough project proposals to reach nearly 25% of its 10-year goal.
The program, which is funded by proceeds from the state’s cap-and-trade greenhouse gas emissions program, received a flood of more than 240 applications representing 74 megawatts of solar power capacity in its first day. According to Jae Berg, senior manager for the program, there has been high demand for incentives for solar on affordable housing from property managers and solar contractors since a similar program closed a few years ago.
New statewide solar program could save Ventura County’s low-income residents on utilities, by Erin Rode, Ventura County Star, August 21, 2019.