Green. Just. Profitable. Urban Ingenuity is working to bring solar financing solutions to traditionally underserved markets on a national basis. Non-profits, affordable housing, and small businesses have historically been challenging markets for solar developers, and can benefit greatly from affordable and reliable energy.
Solar for All: In the District of Columbia, UI is the recipient of a Solar for All grant award from the District Department of Energy and Environment. This grant will allow UI, in partnership with the National Housing Trust, to develop a pipeline of about 5 MW of solar at affordable housing sites in DC in 2018.
Affordable Housing: UI is partnered with National Housing Trust Renewables to create a nationally scalable platform for solar & battery storage projects for nonprofits and affordable housing.
Community Solar: With our development partner Supernova, UI works to bring solar into markets that benefit from community solar, feed-in tariff, and community choice aggregation policies.
Resilient Solar + Storage: UI worked with Clean Energy Group to determine the technical and financial feasibility of integrating solar with an optimized battery storage system for the DC Parkway Overlook project.
UI can help identify and scope solar projects, structure financing solutions, and work with developers to get your project completed. Contact us to get started.
UI can provide a financial back end for developers: structuring capital solutions, sourcing tax equity and debt to respond to customer needs to allow you to offer PPA's, PACE secured financing or optimized direct ownership. Contact us to get started.
Investing in UI’s solar finance platform is a way to create social impact that also yields competitive returns. Contact us to learn more about investment opportunities.
CASE STUDY: Parkway Overlook Apartments, Washington DC
The site is a former affordable housing development currently sitting vacant and being redeveloped by the DC Housing Authority. The project spans eight buildings and a community center across seven acres in Ward 8, adjacent to the former St. Elizabeth’s campus, and will put 220 units of affordable housing back into service upon completion. With substantial amounts of unutilized rooftop space available, in addition to a tract of vacant and unusable land where a ninth building was demolished to accommodate a DC Water access point, the potential for solar PV appeared substantial.
Urban Ingenuity and partners provided solar site analysis, project definition, and technical specifications in order to provide DCHA with sufficient information to integrate a district energy system into their existing building plans and bid package for a general contractor. In addition, the team conducted a preliminary review of regulatory approaches and developed initial financial models and financing strategies to allow DCHA to understand the economics of the system under different financial scenarios, and to begin integrating the project economics within the overall project financial planning and underwriting.
The result of the UI technical analysis was the development of a system design and preliminary financial modeling for a 630 kW solar PV system paired with about 600 kW / 600 kWh of battery storage – one of the most robust solar installations in the District to date and likely one of the first uses of battery storage in a multifamily context.