BRIDGE Housing, in partnership with Sunrun held a ribbon cutting ceremony to celebrate the new solar installation at Villa Loma Apartments, an affordable housing community in Carlsbad, California. The new installation serves 344 families and will help residents save an average of more than $60 per month on their electric bills and an expected $7.5 million in total resident savings over the next 20 years. The solar panel installation at Villa Loma Apartment will also generate immediate energy savings of 30% at Villa Loma, totaling $15,000 annually in the property budget.

Those savings will be used for resident support services and new programs. In addition to cost savings, Sunrun is offering paid solar job training opportunities to residents at Villa Loma through the Solar on Multifamily Affordable Housing (SOMAH) program. Residents who enter and complete the training program can be fast- tracked to a good-paying job in the rapidly growing clean energy sector. Since 2018, Sunrun has executed 645 affordable housing contracts and successfully completed over 150 solar installations to benefit low-income renters, delivering clean energy and substantial bill savings to over 11,100 households.

When all 645 projects are completed, Sunrun anticipates that yearly bill savings will exceed $18 million, saving all California ratepayers over $3 million annually in decreased electricity rates.