With utility prices increasing, abundant sunshine in Southern California, and under-utilized property assets (a large building rooftop), H.G. Fenton wanted to deliver energy savings to its tenant as well as open up a new revenue stream for its Carlsbad commercial real estate investment.
HES Renewables designed and installed a 780-panel commercial solar system at the Carlsbad property. Ivy Energy’s solar billing software was implemented to streamline billing and ensure discounts and charges remained up-to-date with the rising energy costs in California.
The large solar system will produce an estimated 633,443 kWh of clean, green energy each year. For the property owner, this energy is sold to the tenant to create an impressive 25-year Net Cash Flow Total of over 4.3 million dollars.
The tenant, Upper Deck, a trading cards and sports memorabilia company, was able to gain a 10% discount on the renewable energy it uses as compared to the utility-delivered energy. The business remained functioning at full capacity while being able to lower energy costs as well as its carbon footprint by operating on green, solar energy produced on site.
We are a San Diego-based solar energy production and energy storage installation company. We have been an energy innovator since 2001 and can handle projects from solar-only arrays to micro-grid solar and storage systems with on-site EV charging stations.
If you’re looking into the benefits of on-site energy production, energy storage, or EV Charging capability, we’d love to speak with you. We’ll show you how to lower and stabilize energy costs, receive the maximum incentives, open new revenue streams, and gain control over one of the largest expenses of your business or commercial property.
Click here to be contacted by an HES Renewables representative, or simply dial us at 866-HES-RNEW (866-437-7639).