2 Matching Annotations
- Jan 2023
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www.canarymedia.com www.canarymedia.com
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But that’s just one way to get batteries into low-income customers’ homes. Sunrun also acts as a third-party owner of solar and battery systems that Grid Alternatives installs for customers that can’t or don’t want to borrow money to finance it. Third-party owners can monetize the value of federal tax credits for low-income households that don’t pay a large enough federal tax bill to take advantage of the credits themselves.
This feels like the project partner thing from before - income households can't access the support themselves, so you need an intermediary to arrange someone with a tax bill to recude, and presumably take a cut in the process.
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Participants will get zero-interest loans to finance the equipment and installation costs, plus monthly credits in exchange for allowing MCE to tap that equipment to reduce its need to buy high-priced energy during the peak hours of 4 p.m. to 9 p.m. The program is open to households that currently lack rooftop solar as well as households that have already had solar installed by Grid Alternatives and want to take advantage of that self-generated power to heat their homes or charge their cars, said Alexandra McGee, MCE’s manager of strategic initiatives.
If it's cheaper to deploy batteries in low income communities than build peakers, then the flipside is that they have to accept less reliable power. At this way communities are compensated, though I guess?
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