BLDG Partners, the Foundation for Affordable Housing, the City of Orange and Southern California Edison partnered with Sunrun for a ribbon-cutting ceremony to celebrate a new solar installation at The Knolls, an affordable housing community in Orange, California. The project-one of the largest affordable housing solar installations to be completed in California-provides solar energy credits to 260 apartment homes and saves each family an average of $60 per month on their electricity bills through virtual net metering. Over the next 20 years, the system is projected to save over $6 million for the low-income residents. “Everyone deserves access to affordable, abundant, and predictably priced clean energy,” said Sunrun CEO Mary Powell. “Sunrun is dedicated to advancing energy equity, which is particularly impactful for lower-income communities and renters that value energy security and stability. We take great pride in delivering clean energy and substantial monthly bill savings to the residents of The Knolls.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RUN: