In the last of our three-part series on monetizing solar code requirements, we will explore how to meet or exceed solar code requirements while eliminating the CapEx of the solar, maximizing NOI and property value. As a design-build contractor, Cal Solar Inc is indifferent to transaction type, so this is truly an objective post focusing on the key insights from financial modeling to compare zero capital cost financing options.
In this part-two of our three part series, we explore how you can quadruple NOI by not only billing tenants for solar but also by sizing the system beyond code requirements. While Title 24 sizes systems to 60% of the expected usage, the owner can elect to increase the system size up to 100% of the expected usage in order to maximize solar tenant billing revenue.
Per California’s Title 24 code, solar and storage are now mandated on all new construction projects. One of the most innovative new trends across the real estate industry is establishing a new revenue stream for property owners by billing tenants for on-site solar generation while still providing tenants a discount to the would-be otherwise utility rates.
California Solar Integrators, Inc. (Cal Solar Inc.) has partnered with the Housing Authority of the City of Los Angeles (HACLA) to support the hiring of local Section 3 workers on Related Development’s Rose Hill Courts affordable housing redevelopment project in northeast Los Angeles.
The CEC released the 2022 Title 24 California solar mandate changes including new requirements for solar PV, battery storage, and EV charging to encourage the installation of onsite clean energy for new buildings. Below is a summary of the new California code requirements for both the Title 24 mandate and CalGreen, as well as recommendations on how to approach these new requirements.
Our team of in-house engineers has deep experience in both new multifamily construction design and existing multifamily retrofit, and they understand how to coordinate effectively with multiple stakeholders. We have experience developing and retrofitting both low-income and market-rate multifamily units.
Our team of in-house engineers has deep experience in both new multifamily construction design and existing multifamily retrofit, and they understand how to coordinate effectively with multiple stakeholders. We have experience developing and retrofitting both low-income and market-rate multifamily units.
