Introducing Affordable Solar New York
Solar One, GRID Alternatives Tri-State and Co-op Power today announced the launch of Affordable Solar New York. The nonprofit initiative will bring low-cost solar power to affordable housing providers in New York, which provide critical housing and services to low-income residents. Solar can significantly reduce energy costs for both operators and tenants, yet up-front costs, credit scores and complex financing remain significant barriers for this sector to access the technology.
Affordable Solar New York will address these barriers by providing no-cost technical assistance, reduced-cost installation and zero-down financing options to Housing Development Fund Corporation cooperatives and other affordable housing providers in New York City. Projects will include both job training and energy efficiency education opportunities for residents.
“To reach Mayor de Blasio’s landmark OneNYC vision for a more sustainable, equitable, and resilient New York City, all New Yorkers will need the ability to tap into the cost and energy saving benefits that solar energy can provide,” said Mark Chambers, Director of the New York City Mayor’s Office of Sustainability. “I applaud Solar One, GRID Alternatives, and Co-op Power on the launch of Affordable Solar New York, an important step toward a more inclusive energy landscape in New York City.”
Through Affordable Solar New York, the partners plan to develop and install a number of multifamily affordable solar projects in 2017 and facilitate dozens more through technical assistance. The initiative dovetails with new state funding for low-income solar announced last week by Governor Cuomo, which could further reduce costs for housing providers.
If you are an affordable housing developer, and HDFC, or low or moderate income resident in NYC and would like to know more, please click here and fill out a short survey and we will get back to you.
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