EDEN HOUSING

Technologies

Eden Housing’s PV installations conserve energy and help residents save money.
Eden Housing’s PV installations conserve energy and help residents save money.

Eden Housing has invested in energy-efficient technologies that make them a best-in-class multi-family sustainable-home developer and that support its goal of exceeding Title 24 energy standards.

Perhaps the most noteworthy technology investment has been the installation of PV panels to offset common area in common areas on 27 properties. At three properties, Eden is also installing PV solar panels for the residents themselves, so they will see benefits directly on their utility bills.

Eden Housing takes advantage of a variety of sources and leverages grants and utility incentives to fund energy saving retrofits. 

  • Financing technology investments

    Eden’s work in 2009 to assess the portfolio left them well-positioned to take full advantage of the federal stimulus package and a solar retrofit program specifically for multi-family affordable properties (PG&E’s Multifamily Affordable Solar Housing - MASH). To date, Eden has secured funding from various sources to retrofit up to 27 properties for energy efficiency and renewable energy features. Eden Housing also secured funding through HUD’s Green Retrofit Program to implement upgrades in energy efficient lighting, appliances, and heating/cooling systems for five properties.

    In addition, Eden secured funding from the San Francisco Foundation to help finance its solar retrofit program. By leveraging utility rebates and investment tax credits, Eden is able to use a power purchase agreement structure to exercise an option to own its solar generation capacity at the end of the sixth year of the PPA’s operation.