About the Richmond Advanced Energy Community (AEC) Project
In particular, the project designed solutions for overcoming common barriers that efficiency and clean technology programs face when engaging with lower-income households.
While the solutions were targeted towards the city of Richmond, they are designed to be scalable throughout the State of California and across the United States.
8,225 Metric Tons
Buildings covered by project
Solar PV installed
Energy storage installed
To learn how to adopt ZNE policies, programs, and plans, click on the stakeholder cards below to check out toolkit materials developed for the Richmond AEC Project to accelerate adoption in communities across the country.
Where do ZNE Solutions Fit in the City of Richmond?
Social Impact Bond for ZNE Abandoned Homes: Where the Triple Bottom Line Lives
A Social Impact Bond for ZNE Abandoned Homes in Richmond is proving to be a pathway for a city to integrate triple bottom line approaches of advancing social equity through environmentally and economically sustainable means. The Social Impact Bond Administrator, the Richmond Community Foundation, has purchased abandoned, blighted homes, and is facilitating their renovation by hiring local contractors.
Through the Richmond AEC Project, Zero Net Energy and Integrated Demand Side Management (IDSM) best practices have been pursued, including high efficiency appliances, electrification for a less carbon intensive energy production through the local energy provider and onsite solar. Richmond Community Foundation has then offered priority purchasing for members of a First-time Homebuyers Program and support through the transition into homeownership.
This Social Impact Bond for ZNE Abandoned Homes is a convergence of many interested stakeholders and the results of the first-of-its kind implementation. The scalable mechanism can serve as a replicable model for economic development, social equity and inclusion, environmental sustainability, and energy resilience, while also capitalizing on infill redevelopment in a city’s central core, advancing Climate Action Plans and aligning with anti-sprawl principles, avoiding emissions that would otherwise be caused by new residential construction on the region’s periphery.