With up to $1 billion in funding through 2030, the Solar on Multifamily Affordable Housing (SOMAH) program will bring 300 MW of solar energy to affordable multifamily homes and disadvantaged communities across California.

Here are top five benefits of building solar using SOMAH for the property owners:

    1. Reduce nearly half of your common area electricity expenses
    2. Increase the value of your real estate assets
    3. Take advantage of the the Federal Incentive Tax Credit
    4. Bolster marketing appeal and reduce tenant turnover
    5. Reduce utility costs for your tenants

A few questions to ask:

 
 
 

Site Selection

Do you know which of your sites are suitable for solar and/or battery installation to provide you with the most electricity bill savings? 

Contracting Strategy

Do you know the benefits of solar ownership versus a power purchase agreement? Have you considered battery ownership, shared savings, or lease financing structures?

Project Management Oversight

Do you have the staff to effectively evaluate your options, lead a competitive procurement process, and manage construction? 

 


We can help you answer these questions and more!

Here are some of the program requirements to get you started:

    • The property must be located in a designated disadvantaged community as identified by the California Environmental Protection Agency (CalEPA), or
    • A minimum of 80% of the households in the building must have household incomes at or below 60 percent of the area median income
    • The property must be residential, multifamily low-income housing of at least 5 units
    • Units must be separately metered and eligible for a virtual net metering (VNEM) tariff
    • Building must be existing buildings
    • There must be at least 10 years remaining on the term of the property’s affordability restrictions

Ready to get started? Schedule a free 30 minute briefing presentation and call.