Key Properties has accomplished its first photo voltaic challenge in partnership with Solect Energy. The 110-kW rooftop photo voltaic set up at Key Properties’ Additional House Storage constructing in Cedar Knolls, New Jersey, is designed to offset 100% of the constructing’s electrical energy utilization.
“Photo voltaic was a pure selection for us to cut back working prices,” mentioned Adam Schlussel, VP at Key Properties. “By means of our partnership with Solect Vitality, we’ve lowered our electrical energy prices from 17 cents to lower than 1 cent per kWh and are benefitting from a recurring income stream by means of incentives. For us, it’s like having one other long-term tenant within the constructing.”
“Key Properties approached this challenge with a give attention to sustainability and maximizing monetary worth, and we’re thrilled to have partnered with them to attain each,” mentioned Tony Johnson, VP of economic growth at Solect Vitality. “This challenge not solely offsets 100% of the constructing’s electrical energy utilization but in addition highlights the long-term financial advantages and environmental influence photo voltaic can present for industrial actual property homeowners.”
Key Properties’ Cedar Knolls location makes use of pure gasoline for heating and electrical energy for air-con and lighting. The photo voltaic system now absolutely offsets the constructing’s electrical consumption. For his or her subsequent photo voltaic challenge, Key Properties and Solect Vitality are working collectively to design a system that may cowl 100% of an all-electric constructing’s future vitality wants.
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