You are here: Home1 / Building Solutions2 / Multifamily Financing3 / Solar MAP for Affordable Multifamily Housing
solar MAP for affordable multifamily housing
Make solar simple and turn sunlight into savings
Through the Solar Marketplace Assistance Program (Solar MAP), we make it easier for affordable multifamily housing providers to access renewable energy and achieve cost savings by providing support that simplifies every step of the process.
Solar MAP is a no-cost technical assistance program that identifies project sites, designs projects based on feasibility, provides the financing through a lease or loan, and coordinates incentives and contractors.
solar MAP for affordable multifamily housing
Make solar simple and turn sunlight into savings
Through the Solar Marketplace Assistance Program (Solar MAP), we make it easier for affordable multifamily housing providers to access renewable energy and achieve cost savings by providing support that simplifies every step of the process.
Solar MAP is a no-cost technical assistance program that identifies project sites, designs projects based on feasibility, provides the financing through a lease or loan, and coordinates incentives and contractors.
The Solar MAP team provides comprehensive support through the solar process…
- Site Analysis. We work with stakeholders to perform an analysis of all eligible locations to identify opportunities for solar projects.
- Project Development. We conduct site visits, confirm project eligibility, and develop system designs for each project to determine project economics.
- Execute. We present project specs and pricing to execute a project agreement.
- Trusted Partner. We solicit competitive proposals from solar contractors and select the best, bundling participating projects together to achieve economies of scale. After a qualified contractor is selected, the team manages all final steps of development, construction, and energization of the project. This process includes submittal for eligible state and federal incentives.
Recent changes to the available State and Federal incentives for affordable multifamily housing projects has vastly improved project economics. It’s never been a better time to bring solar to your affordable multifamily property!
Flexible financing
- No upfront investment required
- Monetize state incentives
- Work with a trusted financing partner
Learn about adding battery storage
Building owners and tenants can also bundle their solar PV system with the installation of a battery energy storage system. Enjoy the benefits of a more resilient community and back-up energy during a power outage.
Eligibility requirements
- Properties must have 5 or more units.
- Affordable is defined as 60% or more of the units earning less than 60% of the area median income (AMI)
Watch this recording of a June 6, 2024, webinar to learn more about the Solar MAP for Affordable Multifamily Housing program and Energy Storage Solutions. The slides from this webinar are here.