Earlier this year, UNC’s student-run club SolarEquity partnered with EMPOWERment, Inc., an affordable housing nonprofit, to raise $100,000. These funds will be allocated to install solar panels on the rooftop of the upcoming PEACH apartments, a complex sponsored by EMPOWERment.
The PEACH apartments offer rental units for low-income workers and their families. The complex will be located in Pine Knolls, a historically Black neighborhood in Chapel Hill.
Delores Bailey, executive director of EMPOWERment, said the nonprofit applied for Orange County’s Community Climate Action Grant, a program designed to support climate change mitigation action.
EMPOWERment received approximately $61,000 from the grant to install solar panels, Bailey said.
Will Nichols, the founder and president of SolarEquity, said that over the course of 10 months, SolarEquity raised an additional $39,000 through donations from corporations, members of the community and those directly supporting the organization.
According to a press release from SolarEquity, the implementation of solar panels for generating electricity will help lessen the financial burden for PEACH tenants by decreasing their utility bills.
Nichols said the solar panels are expected to save tenants about $460 annually.
“The savings that these families will experience is incredible,” Bailey said. “Every little bit helps. Every little bit helps — if it's nothing more than $1 a month, that changes your utility bill. It's worth it.”
Over the next 30 years, Nichols said, the solar panels will mitigate about 1.5 million pounds of carbon.