Community Solar at Queensbridge Houses

NYCHA Sol Purpose

New YorkNY


  • State New York
  • Utility type Investor-owned utility (IOU)
  • Regulatory Structure Regulated
  • Community Solar Bill Credit Value Value of Solar
  • Community Solar Enabling Legislation Yes
  • Value of State Level RECs & Subsidies Moderate = 10% to 25% of value stack
  • Eligible for Tax Benefits Yes
  • Installation type Roof
  • Year energized 2021
  • Project capacity 1,800 KW AC
  • LMI Share of Capacity 25%
  • LMI Requirement Carve-out
  • Energy Rate Average $0.18
  • LMI Customer Savings 15%
  • Minimum LMI Savings Mandated No
  • Potential # LMI Subscribers 100

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  • Corporate Social Bond

    Social Bonds are essentially debt securities, the proceeds of which are used to finance projects that achieve positive social outcomes or address specific social issues. The debt terms are intended to be more favorable than loans available through typical financial markets and may offer financing to entities that are otherwise difficult to finance. 

    International Capital Markets Association: Social Bond Principals