Cape Light Compact Accepting Applications for Low Income Solar Grants

BARNSTABLE – The Cape Light Compact is accepting applications for its new Low Income Solar Revolving Grant Program.

The program will fund 100 percent of equipment and installation costs of solar photovoltaic systems on affordable housing properties to reduce electric bills for low-income homeowners and renters, along with benefiting the environment by adding renewable electricity to the grid.

After installation, the system and the electricity it produces will be owned by the homeowner. The grant recipient will assign the Renewable Energy Certificates that the system produces over its lifetime to the Compact. The RECs will then be sold and the proceeds will be reinvested back into the revolving grant fund to continue the installation of future systems.

The initial round of awards through the program is funded by a $250,000 grant from the Massachusetts Clean Energy Center and a $125,000 match from the Compact. The grant match is funded by former Cape Light Compact Green power supply customers, who chose to opt-in to a renewable power supply product and pay a small premium to support local renewable energy sources.

“We are also proud to be partnering with locally-based solar installation companies as part of this grant program, making this program a win-win for the homeowner, our local economy, and our environment,” said Maggie Downey, the administrator of the Cape Light Compact.

For more information on eligibility requirements and the application process, visit capelightcompact.org/solargrant. Funding is limited and usually awarded on a first-come, first-served basis. Eligible applicants are encouraged to apply as soon as possible.

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