Real Goods Solar says it has signed a multi-site contract to design and install 790 kW of solar electricity across four separate affordable-housing communities: three in San Francisco and one in Richmond, Calif.
The PV systems will be financed through a power purchase agreement (PPA), enabling these properties to use solar-generated power without up-front capital costs or operational expenses, Real Goods Solar explains. Up-front installation costs have been significantly reduced by San Francisco Mayor Gavin Newsom's GoSolarSF solar energy incentive program and the California Solar Initiative Multi-Family Affordable Solar Housing Rebate Program.
This multimillion-dollar investment is expected to generate 1,090,311 kWh of electricity for the residents of these communities. California's new Virtual Net Metering tariff will allow the electricity and cost savings of this installation to be shared among the resident families, as well as the common areas, the company adds.
SOURCE: Real Goods Solar