Cut costs and attract & retain residents with renewable energy for your multifamily building.
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.
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Whether you are developing a new multifamily unit or outfitting an existing building, renewable energy solutions such as solar PV, solar hot water, battery storage, and EV charging offer a number of benefits:
Solar tenant billing enables owners of multi-tenant properties to generate another stream of rental income. On-site solar energy is substantially cheaper than residential electricity from the utility, building owners can provide their tenants with a ~10% discount on energy from the utility rate while still earning a substantial return on their investment.
For example, the cost of energy for Building B from the utility is $0.35 per kWh. After installing renewable energy, the cost of onsite energy is $0.04 per kWh. Though the cost of energy went down for Building B by putting solar on the roof, the owner can still provide a discount to tenants at $0.32 per kWh while only paying $0.04 per kWh for all of Building B’s energy usage. By implementing California solar tenant billing, owners can generate an additional $500 to $1200 per unit per year, accelerating payback of the solar installation and generating additional revenue for over 20 years increasing NOI and property value.
California’s New Construction Solar Mandate via Title 24 building code requires all newly constructed commercial and high-rise multifamily buildings to install Solar PV and Battery Storage Systems. The required Solar PV and Battery system sizes are based on the conditioned floor area, climate zone, and building type and will be sized to meet approximately 60% of the building’s electric load. This new Title 24 California Solar Mandate will apply to projects that submit for permits on or after January 1, 2023.
Get a QuoteOur team of in-house engineers is instrumental in new construction projects, as they have deep experience in the design process and know how to build for and coordinate effectively with architects and other members of the building design team. We understand what it takes to get your project from the planning phase to occupancy permits…
You can significantly cut site energy costs -- and even boost revenue -- by retrofitting your building with new energy systems. Why Retrofit Your Building With Renewable Energy Solutions? Over 75% of California’s existing homes and commercial buildings were built prior to the development of the 1978 Building Energy Efficiency Standards. These outdated structures offer…