The Ingham County Land Bank is paving the way for sustainable living by offering individuals the chance to purchase a new, solar-powered home on Avalon Street. This initiative not only promotes sustainability but also aims to provide financial equity to buyers with incomes at or below 80% of the area’s median income.
Unlike traditional homes, these solar-powered properties are designed to be starter homes, allowing buyers to build wealth and equity over time before moving on to a larger residence. Roxanne Case, the Land Bank’s executive director, explains that the goal is to help people progress and improve their living situations.
To ensure the effectiveness of these solar homes, buyers must agree to share information about their electrical consumption and the performance of the solar panels for up to six years. This data will enable the Land Bank to track the success and impact of these eco-friendly homes in the city of Lansing.
Apart from being sustainable, these newly constructed homes prioritize efficiency. Solar panels cover one side of the roof, providing electricity to the entire house. There are no gas lines connected to the structure, and energy-efficient appliances and a tankless water heater contribute to reduced energy consumption.
The inaugural solar home on Avalon Street is currently listed for $145,000. It’s the first of its kind built by the Land Bank, but the organization has plans to construct more solar-powered homes in the near future. By removing blight and replacing it with these energy-efficient properties, the Land Bank aims to revitalize the city and promote a greener environment.
Q: Who is eligible to buy the solar-powered homes?
A: Buyers with incomes at or below 80% of the area’s median income are eligible to purchase these homes.
Q: How long do buyers need to share information about electrical consumption and solar panel performance?
A: Buyers must consent to sharing this information for up to six years.
Q: Are these homes energy-efficient?
A: Yes, these solar-powered homes feature energy-efficient appliances, a tankless water heater, and no gas lines connected to the structure.
Q: What is the price of the solar home on Avalon Street?
A: The current listing price for the Avalon Street home is $145,000.
Q: Will the Land Bank construct more solar-powered homes in the future?
A: Yes, the Land Bank plans to build more solar-powered homes in the near future.