Aug. 11, 2016

The Center for Sustainable Energy’s pilot project in Santa Monica is specifically aimed at overcoming market and policy barriers in order to promote a larger uptake of VNEM and solar adoption within the multifamily building sector. In Santa Monica, there are more than 3,000 rent controlled buildings. Adoption of solar energy in a portion of Santa Monica’s rent controlled properties would help the City achieve the goal to become a carbon neutral community by 2050.

While Virtual Net Metering offers an opportunity for landlords and tenants to enjoy clean electricity and reduced utility bills, and therefore overall reduced living expenses, current rent control restrictions may limit the property owner’s ability for cost recovery of the initial investment. 

Read More: Solar_for_Renters_and_Owners.pdf