The Philadelphia Energy Authority (PEA) completed the city’s first rooftop solar program for low- and middle-income homeowners. Solar power was installed at 50 homes through PEA’s Solar Savings Grant Program.
“Solarize Philadelphia makes it possible for all homeowners and businesses to go solar while saving money, creating jobs and improving public health and the environment. Solar power is a win-win for Philadelphia,” said Darrell Clarke, City Council President Darrell Clarke.
Participants in the pilot had a household income of less than 80% of the median income of the area. PEA provided grants to participating households to cover some of the installation costs, along with a low-cost loan and with no minimum credit score or upfront fees. The solar panels have a 25-year warranty and participants will save on energy bills in the first year.
“The Philadelphia Energy Authority continues to position Philadelphia as a national leader in using clean energy to drive equitable economic development,” said Councilwoman Katherine Gilmore Richardson. “This innovative program is laying the groundwork for thousands of low- and middle-income households to adopt solar energy in the coming years.”
Partners in this project included the Pennsylvania Housing Finance Agency, Solar States, Centennial Parkside CDC with grants from Spark Therapeutics and William Penn Foundation, Firstrust Bank and the National Energy Improvement Fund.
Philadelphia Green Capital, Philadelphia’s new green bank, will provide credit reserves and a revolving fund for the renewable solar credits generated by the projects.
The Solar Savings Grant program is part of Solarize Philly, a citywide program to help all residents of Philadelphia get solar energy. Installers include Solar States, Superior Solar Design, PosiGen and EDP Renewables. Any Philadelphia homeowner or business can sign up at www.solarizephilly.org.
Philadelphia Energy Authority news release