Enterprise, DC Green Bank invest $12.4 million in solar for affordable housing in D.C.

By Solar Builder Staff, Solar Builder

Enterprise Community Partners and DC Green Bank have invested $12.4 million to install 2.2 MW of solar panels at four affordable housing properties in Washington, D.C.

The properties are owned by Enterprise’s subsidiary Enterprise Community Development, the fifth largest nonprofit housing provider in the United States and the solar project developer. Funded by DC Green Bank and Enterprise’s community development financial institution, Enterprise Community Loan Fund, along with Enterprise’s capital subsidiary, Enterprise Community Investment, the investment will bring solar energy to 536 homes while supporting job creation in D.C. The investment is further supported by Solar Revenue Put production insurance from kWh Analytics, enabling Enterprise to deploy more capital with lower financing risk.

“We know that a clean, renewable and affordable future for the District will require portfolios of projects like this to be replicated citywide,” said Brandi Colander, chair of the DC Green Bank board of directors. “We are proud of this partnership with Enterprise and hope that this effort will showcase the role that green banks play in transforming communities so that the benefits of renewable clean energy are delivered equitably and support affordable housing.”

Rooftop solar panels will be installed at the Arbor View and Randle Hill apartment communities in Washington, D.C.’s Ward 8. Solar carports and new electric vehicle charging stations will also be installed at The Overlook at Oxon Run in Ward 8 and Edgewood Commons in Ward 5.

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