Resilience for Free: How Solar+Storage Could Protect Multifamily Affordable Housing from Power Outages at Little or No Net Cost
Clean Energy Group
This report uses project data for buildings in New York, Chicago, and Washington, D.C. to examine the financial case for installing solar+storage systems to support critical common area loads in multifamily affordable housing. The report concludes that with the right market structures and incentives, solar+storage systems can provide a positive economic return on par with energy efficiency or stand-alone solar. In some cases, the addition of batteries improves affordable housing project economics by generating significant electric bill savings through reducing utility demand charges and creating revenue by providing grid services.
This report was a publication of Clean Energy Group’s Resilient Power Project. For more information, please visit www.resilient-power.org.
Date: October 14, 2015
Topic(s): Energy Storage, Finance, Low- and Moderate-Income Clean Energy, Resilient Power, Solar PV