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New Solar Installation Saves Low-Income Renters Up To $500 Annually

Don De Dios Sunrun EAH Housing

More than 70 Families Will See Immediate Savings from Clean Energy

Don De Dios Sunrun EAH HousingSan Rafael, Calif. (May 12, 2022) – EAH Housing, in partnership with Sunrun (Nasdaq: RUN), held a ribbon cutting ceremony to celebrate the completion of a new solar installation at Don De Dios Apartments, an affordable housing community in San Jose. The new installation serves 70 low-income families and will help residents save an average of $45 per month on their electricity bills and an expected $900,000 in total resident savings over the next 20 years.

“With today’s high rate of inflation, $45 a month can be the difference between having basic necessities or not, such as buying groceries, a tank of gas, or prescription medication,” said Laura Hall, president and chief executive officer at EAH Housing. “The solar panel installation at Don De Dios provides immediate cost savings to 70 families, while providing long term benefits to the entire community, the city of San Jose, and the planet.”

The solar panel installation will also generate an immediate 54% in energy savings at Don De Dios, totaling $1,800 annually in the property budget, which will be used for resident support services and programs.

“This installation reaffirms our commitment to our residents and the environment,” said Hall. “We are on track to install solar panels on more than 15 properties in the next three years, which means thousands of dollars will be reinvested back into our affordable housing apartment communities.”

Since 2009, EAH Housing has installed solar panels on 55 of its properties throughout California and Hawaii. In addition to installing solar panels on new construction, EAH Housing also participates in California’s Solar on Multifamily Affordable Housing (SOMAH) program, which provides financial incentives for organizations to bring clean energy to existing affordable housing communities.

“We are thrilled to partner with EAH Housing and help the organization move forward on its sustainability goals,” said Mary Powell, chief executive officer at Sunrun. “Sunrun is dedicated to increasing access to affordable, reliable, clean power for everyone – regardless of your income level.”

About EAH Housing

Established in 1968, EAH Housing is one of the largest and most respected nonprofit housing development and management organizations in the western United States. EAH develops low-income multifamily housing, manages 230 properties in 92 municipalities in California and Hawai’i, and plays a leadership role in local, regional, and national housing advocacy efforts.