Affordable Housing
The mission of affordable and elder housing is to provide quality domiciles for families and individuals of limited means. However, affordability is threatened as energy costs represent 10%-15% of a household's net income and rental subsidies expire.
Solar energy is a predictable resource that sustains housing's mission by fixing the cost of energy for 15-25 years at today's rates. In a futures contract with the sun:
- Property management maintains lower rents when management is responsible for utilities;
- Individuals with limited and/or fixed income keep more money when occupants pay for utilities;
- Public spending goes farther to build more housing instead of subsidizing energy costs.
Illumination™ by Ascendant Energy offers all the benefits of solar in long-term, fixed-rate energy contracts. Using solar investment tax credits that are similar to LIHTC (Low Income Housing Tax Credits), the package requires no up-front capital while allowing housing management to pay only for utilized heat or electricity.
Ascendant Energy has significant experience installing solar energy systems for the affordable and elder housing markets. Read about our Illumination™ package and contact us at 207-594-6303 to determine how solar fits your plans to address the energy crisis.