Multifamily Affordable Housing Solar Roofs Program Extention

Only 1 of solar in california can be found in environmental justice communities but now the multifamily solar roofs program will invest 1 billion for solar for low income renters across the state.

Multifamily affordable housing solar roofs program extention. The solar on multifamily affordable housing somah program provides financial incentives for installing photovoltaic pv energy systems on multifamily affordable housing in california. Five affordable housing communities in long beach california will use solar power systems to reduce the cost of living for residents. C the commission shall annually authorize the allocation of one hundred million dollars 100 000 000 or 10 percent of available funds whichever is less from the revenues described in subdivision c of section 748 5 for the multifamily affordable housing solar roofs program beginning with the fiscal year commencing july 1 2016 and ending with the fiscal year ending june 30 2020. In 2013 ab 217 bradford extended the csi low income programs by 108million and five years.

The program will deliver clean power and credits on energy bills to hundreds of thousands of the state s affordable housing residents. The solar on multifamily affordable housing somah program implementation of ab 693 assembly bill ab 693 eggman chapter 582 2015 provides financial incentives for the installation of solar energy photovoltaic pv systems on multifamily affordable housing properties throughout california. Somah s unique community based approach ensures long term direct financial benefits for low income households helps catalyze the market for solar on multifamily. Rather than expand the multifamily affordable solar housing mash model expand multifamily affordable housing solar roofs ab 693 california should expand the upcoming multifamily affordable housing solar roofs ab 693 program rather than replicate the limitations of the mash program for multifamily rent restricted housing.

Stimulate the adoption of solar power in the affordable housing sector. A low income multifamily solar program is a great way to help affordable housing providers building owners or large apartment complexes install solar for the direct or indirect benefit of the tenants. Mash is the low income multifamily component within the california solar initiative program. The overall goals of the mash program are to.

The authors also highlighted the increased potential in light of the recently enacted assembly bill 693 which established california s multifamily affordable housing solar roofs program including provision of up to 1 billion in cap and trade funding over 10 years to create incentives for installing solar pv. Mash received 54 million more in 2015 and reopened the program to those waitlisted on august 3 2015. Linc housing a nonprofit developer of affordable housing and its seed partners have installed new solar photovoltaic systems at five linc properties by aggregating them as one project to leverage tax credits and available incentive programs as part of a new. Mash is a program that provides business solutions to offset the costs of installing new solar energy systems on multifamily affordable housing in california.