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CHAPEL HILL, N.C. (January 31, 2023) – SolarEquity is proud to announce its partnership with EMPOWERment to handle urgent problems with vitality inequity and local weather change inside the Chapel Hill neighborhood. Collectively, they’re set to remodel the PEACH Residences right into a beacon of sustainability, benefiting low-income households and lowering carbon emissions.

In partnership with EMPOWERment Inc., a non-profit group devoted to offering inexpensive housing for deprived communities, SolarEquity will facilitate the solarization of the brand new condo advanced with companion installer NC Photo voltaic Now. Collectively, the 2 organizations will set up a 42.075 kW rooftop photo voltaic system. This initiative will considerably lower vitality payments for ten models, offering a median month-to-month financial savings of $37 per unit.

“Briefly, the partnership has been a recreation changer. By way of our partnership with EMPOWERment, SolarEquity has the power to stimulate the proliferation of photo voltaic adoption amongst low-income housing, mitigating 1.5 million kilos of carbon from getting into the environment,” mentioned Will Nichols, President of SolarEquity. “This initiative aligns completely with our mission to fight local weather change and promote social justice. By addressing vitality inequity, we take a major step in direction of a extra sustainable and equitable future for all.”

Breaking floor in October of 2023, the PEACH residences can be Chapel Hill’s first-ever inexpensive multi-unit advanced with zero-debt funding. The event will present ten inexpensive, varied-layout models for households incomes 30-60% of the common median revenue (AMI). This photo voltaic mission represents a major dedication to social justice and racial fairness, aiming to scale back vitality burdens for neighborhood members who want it most. Because the PEACH Residences grow to be out there for lease and the photo voltaic panels boast a 30-year lifespan, numerous households will profit from generated vitality financial savings. SolarEquity, alongside EMPOWERment, is happy to paved the way in making a extra equitable, sustainable, and environmentally acutely aware future.

About SolarEquity

SolarEquity, since its inception in 2021, has been dedicated to empowering communities by spearheading equitable solarization initiatives. By forging strategic partnerships with photo voltaic specialists, non-profits, and beneficiant donors, SolarEquity facilitates the set up of photo voltaic panels on inexpensive housing tasks within the Chapel Hill space. The group’s main aim is to make electrical energy not solely inexpensive but in addition sustainable for all North Carolinians, thereby contributing to a cleaner and extra equitable vitality panorama. Will Nichols, the founder, at present serves because the group’s President. To be taught extra, go to www.solar-equity.org.

Featured picture courtesy of EMPOWERment.