Novogradac Journal of Tax Credits
March 2010, Volume 1, Issue III
By Jennifer Dockery, Staff Writer, Novogradac & Company LLP
In January, residents of three affordable housing complexes in San Francisco began benefi ting from a solar power system installed through California Solar Initiative’s Multi-family Affordable Solar Housing (MASH) program. Plaza East Apartments and Hayes Valley North and South are part of an 11-site renewable energy project being developed by Sunwheel Energy Partners (Sunwheel), an affiliate of McCormack Baron Salazar (MBS). Residents at each property will receive 50 percent of the energy produced by the solar system free of charge. As an added benefit, Sunwheel’s partner in the project, Real Goods Solar (Real Goods) hired residents to install the solar panels. To celebrate a project that reduced energy costs and provided jobs, Sunwheel, Real Goods, the city of San Francisco, funding partners and residents held a ceremonial ribbon cutting at the Plaza East Apartments on January 25.
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