By Aja Beckham, DCist
In Southeast D.C., officials hope newly installed solar panels will help to lower electric bills for hundreds of residents.
This week, DC Green Bank and Flywheel Development announced the closing of a $3.2 million deal to install solar panels on six Fairfax Village condos that are home to 230 residents. They say the deal will cut residents’ electric bills by half.
DC Green Bank, a District initiative that finances clean energy projects, helped to fund the project through $1.7 million in construction loans. Flywheel, a company that installs renewable energy products, is providing $600,000 for the project, and District of Columbia Sustainable Energy Utility allocated $900,000 from the Solar for All funding.