03 Apr '18, 9am

How to make solar+storage projects work for low-income communities

Now that installations of solar PV coupled with battery storage (solar+storage) are becoming more common in commercial markets, it is important that disadvantaged communities not be left behind. One reason for this lag in market uptake of clean energy in low- and moderate-income (LMI) communities is a persistent financing gap. Current models of financing clean energy systems do not sufficiently serve low-income communities, if they serve them at all. Reasons for this include a lack of flexible capital and difficulty accessing tax equity markets. They also include nonprofit property owners being perceived by lenders as having limited borrowing capacity. As a result, solar+storage projects are vastly underrepresented in affordable housing and in critical community facilities across the country. The sad irony is that this lack of financing prevents the types of solar+storage ...

Full article: https://www.greenbiz.com/article/how-make-solarstorage-pr...

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