Michael Parks /Solar Mosaic
One of the wonderful things about the Mosaic model is that it not only creates clean energy for the planet and returns for investors, but also helps great organizations lower their energy costs. During our beta phase, Mosaic investors helped to finance solar installations on the roofs of organizations that are doing things like promoting sustainable agriculture, helping inner city youth find jobs, and serving food to people in need. In the long run, each of these solar installations will allow their hosts to realize substantial savings on their electricity bills. That means more money going toward social benefit, rather than fossil fuels.
Now Mosaic is embarking on a new phase. We’re lining up solar projects all over the country, all of which have a unique story. If you’re in California or New York, you can already invest your money in each of the three incredible affordable housing-based projects below.
Affordable Housing in Salinas, CA
Nestled among the mountains of Salinas, California, this housing complex is home to more than 120 low-income seniors. Rehabilitated from an antiquated motel into elegant, energy-efficient apartments, this community was designed with sustainability in mind from the very beginning. These apartments are close to public transit and rich agricultural land great for community gardening, and was in 2011 recognized with the U.S. Housing and Urban Development Secretary’s Opportunity and Empowerment Award.
The size of the solar project is 78 kilowatts. To put that number in perspective, the installation will produce enough energy to reduce annual carbon emissions by an amount equivalent to recycling, rather than trashing, 27 tons of waste.
Affordable Housing in Corte Madera, CA
Boasting landscaped entryways and private balconies with bay views, this affordable housing complex in Corte Madera, California, provides affordable housing to families and individuals. Engineered to conserve energy, the eye-catching architecture consists of multi-story buildings surrounding an open courtyard, garden, and play area. Even more impressive than the architecture is this community’s commitment to serving special needs populations: 11 of the 79 units are for individuals with developmental disabilities or those who were formerly homeless.
The size of the solar project is 55 kilowatts. The installation will reduce annual carbon emissions by an amount roughly equivalent to the amount of carbon that would be sequestered by 40 acres of pine forest.
Affordable Housing in San Bruno, CA
Complete with a glorious, sun-filled atrium, this affordable housing project in San Bruno is designed to ensure that low-income seniors enjoy their golden years. Awarded the “Best Senior Affordable Housing” award for its innovative green building design at a recent Pacific Coast Builders conference, the community is as eco-friendly as it is beautiful. A wide array of activities, an accessible location, and convenient transportation services ensure maximum freedom for the residents.
This solar project has a capacity of 102 kilowatts—enough clean energy to avoid the annual carbon equivalent of taking 20 cars off the road.