DC Green Bank and Flywheel Development today announced the closing of a $3.2 million partnership to finance the installation of solar panels at six condominium communities in Southeast Washington. D.C. Once completed, these installations will cut electricity bills in half for nearly 230 low- to moderate-income (LMI) residents in the District as part of the District’s Solar for All program. The portfolio of projects is expected to generate as much as $2.3 million in electricity savings for DC LMI residents over the next 15 years. In addition to solar capacity, the financing will also support roof replacements on 11 residential buildings, improving the energy efficiency and durability of the buildings. In total, the projects are expected to reduce nearly 1,000 tons of CO2-equivalent annually and are also projected to create 19 jobs during the construction phase.
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