Solving environmental justice issues in our LMI households is not just the right thing to do, but it turns out that the extra money saved in utility bills by those households tends to be spent locally and immediately and has a much larger stimulating impact on our local economy than households at the higher income levels. Therefore, addressing environmental justice issues with a creative business model is actually the key to achieving -
Sustainable Energy and Sustainable Economics
Using new patented technology and a nonprofit business model, CHERP Solar Works will produce and install solar PV systems for LMI households - more cost effectively by 6-7 times than current State programs.
Fully 25% of the billions of dollars of cap-and-trade revenues are earmarked for Disadvantaged Communities - CHERP Solar Works will leverage and expand those dollars.
In Claremont, the median household income is $74,000/yr while the median income of a household that has purchased solar panels in California in the last 10 years is approximately $91,000. Taking into account the fact that owning a house is also a prerequisite, the number of households that can afford and are eligible to install solar panels on their residence is vastly limited.
CHERP Solar Works addresses these problems head on and seeks to target the lower and middle income population to make solar energy an attainable reality..
CHERP Solar Works protects renters and LMI households in CalEnviroScreen areas from the myriad negative environmental shocks, frees them from price escalation associated with energy consumption, and creates a more comfortable, durable, reliable, healthier, and safer living space.
To read more about CHERP Solar Works,
the full white paper can be found HERE.