Rolling Oaks Apartments
TYPE MULTIFAMILY SOLAR
SIZE 115.9 KW
LOCATION ROCKLIN, CA
PROGRAM SOMAH
YEAR 2023
FUNDING BRIDGE LOAN
The Project
Rolling Oaks Apartments is an affordable housing community located in Rocklin, California, with a total of 79 residential units. This community is specifically designed to offer affordable housing options for seniors, emphasizing accessibility and cost-effectiveness.
With the support of financing from the BQuest Foundation and project management and installation by GRID Alternatives, Rolling Oaks was able to install a 115.9 kW solar system that serves all of the households at Rolling Oaks Apartments, 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
2,647
METRIC TONS C02 MITIGATED
$657,037
LIFETIME SAVINGS
Carbon Equivalencies
620
Number of gasoline-powered cars off the road for 1 year
3,122,562
Avoided emissions from burning 3,122,562 pounds of coal
3,324
Carbon sequestered by 3,324 acres of forest in 1 year