Multi Family Going Solar
As rents, groceries and other costs increase, the study found a disappearing or reduced electric bill provides renters a great incentive to choose one apartment over another. Utility bills are usually the largest and most volatile portion of a Multi-Family housing development’s budget. Stabilizing utility bills through solar and other measures makes it easier to maintain operating budgets, retain tenant services and avoid raising rents. Therefore, building owners are combining their routine energy upgrades with the installation of rooftop solar systems or solar carport structures
REDUCE
OPERATING
COSTS
With a solar PV system, you can reduce your operating costs by offsetting your common area loads and/ or Tenants units. If the building(s) are master metered, offsetting the entire unit provides significant savings and long-term benefits, yielding electricity bills savings for all.
HEDGE
AGAINST
RATE HIKES
Although it is difficult to predict future rates, most analysts expect them to continue to rise. Over the past 10 years, rates have continued to climb 3-5% year over year. Solar essentially allows you to have a fixed rate while maintaining a reduced operating cost for years to come.
Multi Family Going Solar
As rents, groceries and other costs increase, the study found a disappearing or reduced electric bill provides renters a great incentive to choose one apartment over another. Utility bills are usually the largest and most volatile portion of a Multi-Family housing development’s budget. Stabilizing utility bills through solar and other measures makes it easier to maintain operating budgets, retain tenant services and avoid raising rents. Therefore, building owners are combining their routine energy upgrades with the installation of rooftop solar systems or solar carport structures
With a solar PV system, you can reduce your operating costs by offsetting your common area loads and/ or Tenants units. If the building(s) are master metered, offsetting the entire unit provides significant savings and long-term benefits, yielding electricity bills savings for all.
REDUCE OPERATING COSTS
Sustainable features are commonly sought qualifications renters look for in a new home. Buildings with solar are often associated with higher quality, and access to a green home
can motivate new tenants and reduce tenant turnover.
ECO CURB APPEAL
Although it is difficult to predict future rates, most analysts expect them to continue to rise. Over the past 10 years, rates have continued to climb 3-5% year over year. Solar essentially allows you to have a fixed rate while maintaining a reduced operating cost for years to come.
HEDGE AGAINST RATE HIKES
REDUCE CARBON EMISSIONS
Energy harvested from the sun is clean, renewable and releases zero greenhouse gas emissions. Producing solar energy is completely renewable, and unlike coal, oil or natural gas, solar is 100 percent greenhouse gas emission free.
INCREASED PROPERTY VALUE
Energy harvested from the sun is clean, renewable and releases zero greenhouse gas emissions. Producing solar energy is completely renewable, and unlike coal, oil or natural gas, solar is 100 percent greenhouse gas emission free.
Sustainable features are commonly sought qualifications renters look for in a
new home. Buildings with solar are often associated with higher quality, and
access to a green home can motivate new tenants and reduce tenant turnover.
SUPPORTS ECONOMIC GROWTH
