Saturday, June 09, 2007

Solar Power for Affordable Apartments

If you were hoping to get a coveted spot at Solara, a new energy- efficient apartment building in the San Diego suburb of Poway you’ve already missed your chance. The owners cut off the waiting list at 800 names. The 54 units were fully leased in three days. The apartments, which were available only to low income tenants, started at just $388 a month for a one bedroom, about a third of the market rate. On top of that, tenants will pay nothing for electricity. That’s taken care of by the solar panels you see on the roof in the photo.
Solara, which officially opened June 5, may be the largest green, affordable housing project in the country....
Continue reading from BusinessWeek Online

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