The system was deployed on about 15,000sq ft atop the parking canopies of the apartment buildings and featured 1004 high efficiency solar panels manufactured by Suntech.
The grid-connected photovoltaic solar electrical system is currently providing 25% of power to the 300-unit apartment complex, resulting in a 50% savings on the complex’s power bills.
Summit Equity Investments is owner of the system and apartment complex.
The solar power facility is expected to generate about 450,000kWh annually and Summit Equity expects to save at least $50,000 per year, not including utility and tax benefits.
As far as the environmental perspective, the solar power plant’s carbon dioxide offset, a reduction in emissions of carbon dioxide or greenhouse gases, annually is expected to total 248 tons and over a 25-year period will reach 5,593 tons.
Summit Equity Investments CEO Ryan Lynch said the solar power system will not only drive real savings but enhance Summit Equity Investments’ ability to market the complex and increase the resale value or its property.
US-based Renewvia Energy develops, builds and operates central and distributed solar power systems.
