Orange County NC Website
Browse       Search
26. Does your project also take advantage of other <br />funding sources? <br />To maximize the number of Orange County <br />residents served, Habitat seeks out a variety of <br />private and public funding sources. We have a <br />successful history of leveraging investments from <br />local government to raise private donations. For <br />the thirteen solar installations funded previously <br />by the Climate Action Grant, Southern Energy <br />Management subsidized the installations to help <br />reduce costs. Solar panels were donated by Strata <br />Clean Energy. Habitat was able to stretch funds <br />from the Climate Action Grant to ultimately <br />solarize thirteen homes instead of the ten <br />originally planned for. <br /> <br />For the proposed fourteen solar installations over <br />the next 2 years, we anticipate that Southern <br />Energy Management will again offer a discounted <br />installation cost of $10,000 per install, panels will <br />be donated by Strata, and Rotary district grants <br />and donations will raise at least $4,500. Duke <br />Energy rebates of approximately $3,750 per solar <br />installation may be available for installs that occur <br />before the end of 2022, but these rebates are <br />competitive and not guaranteed. Remaining costs <br />for the solar initiative will be covered by Habitat, <br />who relies on annual public and private funding to <br />cover the costs of vertical construction. Habitat <br />and other developers continue to face significant <br />inflationary price hikes that require increased <br />subsidy and community funding for us to continue <br />building affordable, green-certified homes in <br />Orange County. <br />27. Would your proposed project help you to take <br />advantage of funding from other sources besides <br />this grant in the future? <br />Housing affordability and climate change are two <br />of the most significant challenges facing our <br />community and nation. Installing solar on new <br />affordable housing addresses both issues <br />simultaneously, making the project attractive to a <br />diverse coalition of supporters. As Habitat <br />supporters and community members witness the <br />implementation and benefits of this unique <br />collaboration, we hope it may spur more donations <br />from those who are passionate about the <br />intersection of climate justice and economic <br />justice. We think this will be especially relevant in <br />DocuSign Envelope ID: 9E4C108B-9C5C-4E75-9AF1-C4CA2E16CEC5