$1,085,000
75% to 99%
of electricity
$2,650,000
40.9%
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850 homes, 200 buildings, 5 cities, 3 utility districts - and one happy customer.
$1,085,000
75% to 99%
of electricity
$2,650,000
40.9%
Property
- Owner:
- Santa Barbara Housing Authority
- Type:
- Apartment Building
- Address:
- multiple, Santa Barbara, CA 93103
- Size:
- 20,000 sq ft
- Energy need met:
- 75% to 99% of electricity
Technology
- Type:
- Solar PV
- Installed:
- October 2011
- Size of System:
- 2000 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $13,800,000
- Value of Rebates:
- $4,600,000
- Value of Tax Credits:
- $7,250,000
- Net Cost of System:
- $2,650,000
- Annual Savings:
- $1,085,000
- Own or Lease:
- PPA
- Additional Financial Notes:
- Used a combination of low income housing tax credits, Solar income tax credits, and depreciation to finance this project.
Professionals & Suppliers
- Installers:
What You Need to Know
Description:
Multiple properties, cities, and utility companies. The system is a combination of roof mounted and shade-structure mounted solar systems, for 850 dwelling units.
Other Benefits:
The amount of money saved was used to finance additional dwelling units, helping even more disadvantaged residents of Santa Barbara county.
Maintenance Requirements:
Relatively maintenance free. Racoons tore wires out of one system.
My Motivation:
Savings of over $1,000,000 per year.
Advice:
The projects take a while to be approved in the CA Coastal Commission area.
Experience with Installer:
The installer achieved the goals of the client, when others said it couldn't be done.
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