New Steps for Solar on Multifamily Affordable Housing Funding
by Brad Bartz
Los Angeles CA (SPX) May 15, 2024
A recent submission by major utilities to the California Public Utilities Commission (CPUC) marks a significant development in funding solar energy projects on multifamily affordable housing. The Supplemental Joint Advice Letter, submitted by Pacific Gas and Electric Company along with Southern California Edison, San Diego Gas and Electric, Liberty Utilities, and PacifiCorp, details a true-up of funds from the 2023 Greenhouse Gas Allowance revenues as mandated by Decision 22-09-009.
This supplemental advice letter, identified by numbers ranging from Advice 7196-E-A to ADVICE 732-E-A, encompasses a collective effort by these utilities to adjust the financial frameworks under the Solar on Multifamily Affordable Housing (SOMAH) program. This program is crucial in California’s stride towards using clean energy resources while supporting affordable housing units with sustainable energy solutions.
The advice letter specifies how the additional funds will be distributed and managed, ensuring that the solar projects under the SOMAH program are adequately financed. This move comes as part of a broader state initiative to enhance energy efficiency and to support low-income households in transitioning to renewable energy sources.
The implications of this advice are significant for stakeholders within the solar industry and for communities benefiting from the SOMAH program. By reallocating the greenhouse gas allowance revenues, these utilities are not only complying with state mandates but are actively contributing to the state’s ambitious clean energy goals.
Background on the SOMAH Program
The SOMAH program was established to provide financial incentives for installing photovoltaic energy systems on multifamily affordable housing in California. The program aims to deliver clean power and reduce energy bills for residents, support jobs, and reduce greenhouse gas emissions. The true-up process described in the joint advice letter is part of ongoing efforts to adjust funding based on actual greenhouse gas allowance revenue, ensuring that the program’s financial resources are aligned with its goals.
As California continues to lead the way in integrating renewable energy into its power grid, initiatives like SOMAH are essential in demonstrating how state policies can align with environmental objectives and social equity. Today’s filing at the CPUC is a step forward in this ongoing endeavor.
Bradley Bartz is the founder of ABC Solar Incorporated and a dedicated advocate for solar energy. “Today at the CPUC” is a series focusing on the California Public Utilities Commission’s critical updates that affect the solar industry and advocates like Mr. Bartz, aiming to keep the community informed and engaged.
For more information, visit The Solar Bible GPT by Bradley Bartz.
Related Links
California Public Utilities Commission
All About Solar Energy at SolarDaily.com
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- Source: https://www.solardaily.com/reports/Today_at_the_CPUC_New_Steps_for_Solar_on_Multifamily_Affordable_Housing_Funding_999.html