Background
Hope Enterprise Corporation (HEC) was one of 60 states, nonprofits and municipalities that was awarded a Solar for All grant by the EPA. The Solar for All awards are part of the larger Greenhouse Gas Reduction Fund and are intended to fund residential-serving solar projects that reduce household energy costs for families in low-income and disadvantaged communities (LIDACs) in Mississippi and Arkansas.
HEC’s Solar for All Products and Programs
HEC is delivering these new projects and cost savings using a three-pronged product and program approach:
Residential Lease Program
HEC is partnering with vetted solar companies to provide Arkansas and Mississippi homeowners with rooftop solar systems that must lead to at least 20% bill savings.
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Community Solar Project Financing
HEC is providing low-cost financing to developers and/or owners of community-scale solar projects that provide 20% energy cost savings (or an equivalent benefit) to households in low-income or disadvantaged communities.
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Multifamily Solar Project Financing
HEC is providing low-cost financing to developers and/or owners of solar projects that serve multifamily residential buildings or properties. The projects must provide 20% energy cost savings (or an equivalent benefit) to renter households that live in the building(s).
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