1. Short title This Act may be cited as the Affordable Solar Energy for Our Communities Act . 2. Grant program for solar installations located in, or that serve, low-income and underserved areas (a) Definitions In this section: (1) Beneficiary The term beneficiary means a low-income household or a low-income household in an underserved area. (2) Community solar facility The term community solar facility means a solar generating facility that— (A) through a voluntary program, has multiple subscribers that receive financial benefits that are directly attributable to the facility; (B) has a nameplate rating of 5 megawatts AC or less; and (C) is located in the utility distribution service territory of subscribers. (3) Community solar subscription The term community solar subscription means a share in the capacity, or a proportional interest in the electricity generation, of a community solar facility. (4) Covered facility The term covered facility means— (A) a community solar facility— (i) that is located in an underserved area; or (ii) at least 50 percent of the capacity of which is reserved for low-income households; (B) a solar generating facility located at a residence of a low-income household; or (C) a solar generating facility located at a multi-family affordable housing complex. (5) Covered State The term covered State means a State with processes in place to ensure that covered facilities deliver financial benefits to low-income households. (6) Eligible entity The term eligible entity means— (A) a nonprofit organization that provides services to low-income households or multi-family affordable housing complexes; (B) a developer, owner, or operator of a community solar facility that reserves a portion of the capacity of the facility for subscribers who are members of low-income households or for low-income households that otherwise financially benefit from the facility; (C) a covered State, or political subdivision thereof; (D) an Indian Tribe or a tribally owned electric utility