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East Cliff Village

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East Cliff Village

 

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TYPE MULTIFAMILY SOLAR

SIZE 199.3 KW

LOCATION SANTA CRUZ, CA

PROGRAM SOMAH SOLAR

YEAR 2022

FUNDING BRIDGE LOAN

The Project

East Cliff Village, located in in Santa Cruz, California offers 76 affordable housing units for independent seniors and persons with mobility impairments.

With the support of financing from the BQuest Foundation and project management and installation by GRID Alternatives, East Cliff Village was able to install a 199.26 kW solar system that serves all of the households at East Cliff Village, as well as train 2 solar installers. BQuest provided upfront bridge loan funding for the project, drawing down SOMAH (Solar on Multifamily Affordable Housing) rebate funds from the State of California. Bridge funding eliminates the barrier of upfront costs for nonprofit multifamily housing operators looking to go solar.

BQuest has continued to partner with GRID Alternatives on a number of solar installations benefiting communities of concern. GRID Alternatives is a national leader in helping economic and environmental justice communities nationwide get clean, affordable renewable energy, transportation, and jobs. GRID envisions a rapid, equitable transition to a world powered by renewable energy that benefits everyone.

Partnering with both single-family and multifamily affordable housing providers across the United States, GRID develops solar projects that enhance the environmental sustainability of housing, reduce electricity costs for residents, and provide solar workforce training opportunities for those in the community.

The Impact

4,204

METRIC TONS C02 MITIGATED

$1,167,235

LIFETIME SAVINGS

Carbon Equivalencies

1,001

Gasoline-powered cars off the road for 1 year

4,633,587

Avoided emissions from burning 4,633,587 pounds of coal

4,909

Carbon sequestered by 4,909 acres of forest in 1 year