The truth, however, is very different.
Solar technology has never been more affordable than it is today. And thanks to new financing options, it’s possible to receive a new photovoltaic (PV) installation for free – as discussed in Part 1 of this article.
And believe it or not, leasing isn’t even the best way to go solar in San Diego. As this post explains, taking out a solar loan is a much better way to finance your PV installation.
But what if you don’t have perfect credit history? What if you’re not a business or a well-to-do residential customer? What if you don’t even own your house.
It turns out that sunshine belongs to everyone. And even low-income families in housing developments can enjoy the many benefits of going solar. Finding the upfront cash isn’t always easy, but with a little coordination and planning it’s definitely possible.
How Community HousingWorks Helps People Go Solar
Community HousingWorks (CHW) is a nonprofit organization that helps low-income housing developments go solar affordably. Working closely with municipal governments, landlords, apartment dwellers, and utility companies, CHW helps to bring PV installations within easy financial reach for those who might otherwise be unable to afford them.
In one recent example, CHW helped finance a solar PV installation that generates power for 92 separate apartments at Park View Terrace. The investment has reduced monthly utility bills an average of 58%, helping the development’s families save thousands of dollars every year.
According to the nonprofit’s COO, Gabe del Rio, this is money “being saved by residents here that frankly can be spent elsewhere in our economy.”
Why Haven’t More Apartment Communities Gone Solar?
So far, CHW has helped 7 housing complexes embrace solar technology. But this still only represents a trickle. According to SDG&E, roughly 2,500 multifamily units have plugged into the solar/utility grid – compared to nearly 40,000 residential and commercial customers.
But this trickle could become a flood as more housing complexes across the country decide to go solar. In fact, President Obama has launched a nationwide campaign to install 100 MW of solar capacity for affordable housing projects. When completed, this would be enough clean energy to power 100,000 homes.
The CHW example shows that it’s possible. Even if you have poor credit history (and can’t normally qualify for solar leases or solar loans). Even if you rent your home and don’t necessarily have the authority to install solar panels.
It is possible.
- Solar works.
- It offers instant savings.
- It’s way more affordable than people realize.
- And it offers a guaranteed return on investment.
Regardless of income or budget, the sun belongs to everyone.
If you’d like to claim your slice of this clean and free electricity, contact us today for a no-obligation solar quote.
Schedule your free Sunline Energy consultation.