Gleason Park Apartments
TYPE MULTIFAMILY SOLAR
SIZE 98.4 KW
LOCATION STOCKTON, CA
PROGRAM SOMAH SOLAR
YEAR 2024
FUNDING BRIDGE LOAN
The Project
Gleason Park Apartments is a 92 unit, income-qualified apartment complex located in Stockton, CA owned by Mercy Housing, a national nonprofit affordable housing organization.
With the support of financing from the BQuest Foundation and project management and installation by GRID Alternatives, Gleason Park Apartments was able to install a 98.82 kW rooftop solar system, as well as train two 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 benefitting 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
1,795
METRIC TONS C02 MITIGATED
$746,150
LIFETIME SAVINGS
Carbon Equivalencies
255
Gasoline-powered cars off the road for 1 year
1,180,791
Avoided emissions from burning 1,180,791 pounds of coal
1,251
Carbon sequestered by 1,251 acres of forest in 1 year