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78 kW on an Affordable Housing Complex in Salinas, CA

Nestled among the mountains of Salinas, California, this affordable housing complex is home to over 120 low-income seniors. Rehabilitated from an antiquated motel into elegant, energy-efficient and affordable apartments, this community was designed with sustainability in mind from the very beginning. Located close to public transit, this community is a vibrant and eco-friendly home for Salinas’s rising population of low-income seniors. This solar project is estimated to produce the carbon equivalent of recycling 27 tons of waste instead of sending it to the landfill.

4.5%
Expected Investor Yield
95
Month Term
100%
Funded
293
Investors
$0
Available
$95,275
Total Amount
FUNDED! This project has reached its investment goal.

Project ID: 2

View Prospectus

Size (in kW): 78
Estimated Annual Output: 100,000 kWh
Number of Panels: 392  
Panel Type(s): Canadian Solar  
Panel Warranty (yrs): 25  
Inverter Type: Satcon  
Inverter Warranty (yrs): 5  
Interconnection Date: December 1, 2010  
Name: Affordable Housing Owner
Location: Salinas, CA  
Type of Solar Customer: Business
Year Founded: 2006  
Contract Type: Solar Lease
Revenues: See Prospectus  
Assets: See Prospectus  
Liabilities: See Prospectus  
Name: See Prospectus  
State of Incorporation: California  
Year of Incorporation: 2010  
Loan Type: Term  
Loan Term: 95 months
Loan Payment Schedule: Monthly
Loan Interest Rate: 5.50%
Revenue Sources: PPA
Debt Service Coverage Ratio: 1.25x
Estimated Homes powered in one year: 8
Estimated Pounds of CO2 avoided per year: 159,394
Estimated Square Feet of solar created: 5,772
Payment Number Transaction Date Total Paid Interest Principal
1 Feb-21-2013 $748.06 $435.25 $312.81
2 Mar-21-2013 $748.06 $433.82 $314.24
3 Apr-29-2013 $1,176.95 $407.29 $769.66
4 May-22-2013 $890.66 $430.28 $460.38
5 Jun-21-2013 $890.66 $428.17 $462.49
6 Jul-22-2013 $1,603.66 $426.05 $1,177.61
7 Aug-21-2013 $1,603.66 $420.65 $1,183.01
8 Sep-23-2013 $1,603.66 $415.23 $1,188.43
9 Oct-21-2013 $890.66 $409.78 $480.88
10 Nov-21-2013 $890.66 $407.58 $483.08
11 Dec-21-2013 $890.66 $405.36 $485.3
12 Jan-21-2014 $798.68 $403.14 $395.54
13 Feb-21-2014 $798.68 $401.32 $397.36
14 Mar-21-2014 $798.68 $399.5 $399.18