Scaling Up Solar for Under-Resourced Communities - Multifamily Affordable Housing
CESA is working with affordable housing developers, community services providers, financial entities, and philanthropic organizations to expand financing programs catalyzing investment in solar and battery storage in low- and moderate-income (LMI) communities. This component of the Scaling Up Solar for Under-Resourced Communities Project is focused on scaling the development of solar paired with storage (solar+storage) for community-serving facilities, with an emphasis on multifamily affordable housing, senior care facilities, and community health centers.
The principal objectives of the effort are to increase community resilience and reduce energy costs through expanding philanthropic investment in innovative solar+storage financing models, including loan guarantees, such as the Financing Resilient Power initiative implemented by The Kresge Foundation and Clean Energy Group (CEG), and portfolio finance models that aggregate multiple solar+storage projects across similar types of community-serving facilities.
Identifying Barriers to Solar+Storage Development
As an initial step in the process, CESA and CEG conducted a survey of municipalities, community organizations, affordable housing developers, and technical service providers who have been involved in developing solar and battery storage projects at community-serving facilities to assess existing market barriers. The survey resulted in two reports: one focused on the affordable housing sector and a second report looking at trends across all LMI-serving sectors and exploring differences between housing and other types of community facilities. The reports summarize the results of the survey and suggest actions to bring the benefits of solar+storage to more under-resourced communities.
Learning Network and Working Group
CESA has created a learning network for stakeholders interested in solar+storage financing for community-serving facilities. CESA has also established a working group of foundations looking to learn more about ways to leverage their investment funds to accelerate the deployment of solar+storage in LMI communities. To join either the learning network or working group, write to CESA Project Manager Abbe Ramanan at email@example.com.