This report uses project data for buildings in New York, Chicago, and Washington, D.C. to examine the financial case for installing solar+storage systems to support critical common area loads in multifamily affordable housing. The report concludes that with the right market structures and incentives, solar+storage systems can provide a positive economic return on par with energy efficiency or stand-alone solar. In some cases, the addition of batteries improves affordable housing project economics by generating significant electric bill savings through reducing utility demand charges and creating revenue by providing grid services.

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Publication Details:

Author(s): Lew Milford, Robert Sanders, Seth Mullendore
Published By: Clean Energy Group
Date: 10/14/2015
Project: Clean Energy Finance, Resilient Power Project
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Type: Report
Technologies: Energy Storage, Solar PV, Solar+Storage