Recognized with the 2019 Tax Credit Excellence Award by the Affordable Housing Tax Credit Coalition, Standard Communities’ work at Fort Chaplin Park Apartments included expanding affordability protections to 100% of residents – an improvement of nearly 30% – and completing a $33 million renovation of the property that included upgrading unit interiors, modernizing building systems, and adding a 5,000 square foot, LEED-certified Community Center that offers extensive amenity and recreational space.
Improving the projects energy efficiency credentials was a post-rehabilitation opportunity, given the recently completed roofing which was the perfect canvass for a community solar system that would provide discounted energy directly to the low-income residents within the property.
Under Washington D.C.’s innovative Solar for All program, SaveSolar together with Standard Companies, have equipped Fort Chaplin Park Apartments with a 100% renewable solar energy system.
More than 450 low and moderate-income residents will receive affordable renewable energy for a period of 15 years at no cost through the the Department of Energy and Environments ‘Solar for All’ program, with the installation generating 1.6M kWh of energy annually.
With 45 buildings in the project, SaveSolar and Standard Companies are proud to call the Fort Chaplin Park a permanent addition to D.C.’s Solar for All portfolio while tackling one of the biggest challenges of implementing the program on a larger scale: making the opportunity attractive and low-risk for developers
to build multi-family affordable housing community solar installations.
Over $3 million dollars in energy savings will be received by residents over the life of the system, in addition to generating a substantial revenue stream for Standard Companies – allowing them to further improve other portfolio properties.
SaveSolar consulted closely with Standard Companies in order to fully assess the project prior to confirming financials and construction schedule – at no cost. SaveSolar:
Once permitting and PEPCO approvals were received, the project was constructed in under 4 months using market leading components that maximized the value of the solar system for the customer.