For Multifamily Owners

A dollar off the operating statement is twenty dollars of value.

At a five percent capitalisation rate that is simply the arithmetic. Electricity is one of the very few lines in a multifamily operating statement that can be cut permanently rather than renegotiated annually, and cutting it does not merely improve this year's distribution. It revalues the asset.

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The Arithmetic

The house meter is the part of the building that pays you directly.

A two-hundred-unit property spends real money on electricity before a single resident turns on a light: elevators, corridor and garage lighting, laundry, circulation pumps, pool equipment, irrigation controls, the leasing office. That is the house meter, and it is the owner's own cost rather than the residents'. Which makes it the part of the building where generation pays you and not your tenants.

Reduce that annual cost by a dollar and net operating income rises by a dollar. Capitalise it at five percent and the asset is worth twenty dollars more. The improvement costs you nothing: we own the equipment, and you either buy its output at a discount to the tariff or lease us the surface it sits on. In both cases the saving begins in the first month of operation and compounds through every subsequent valuation and refinancing.

It does not merely improve this year's distribution. It revalues the asset.

The residents' meters are a separate question with separate answers, and better ones than most owners expect.

The Metering Question

A building has one roof and two hundred meters.

This, rather than the roof, is what decides the economics of a multifamily project. There are four configurations and we have an answer for each.

The house meter: Common-area load alone: the simplest and most direct case. Generation offsets your own consumption, the saving lands in net operating income, and no resident is involved in the arrangement at any point.
Virtual net metering: Where the state and utility permit it — California chief among our markets — a single array can be allocated across many meters, house and residents alike, by a schedule you set at the outset. No wire is run to any unit; the allocation happens on the utility's billing system.
Master-metered properties: Where the owner buys all the power and bills residents through rent or a submeter, the entire building load is addressable at once. These are consistently the strongest economics we see in the asset class.
Resident subscriptions: In our community-solar states, residents can subscribe to a project sited elsewhere and take the credit on their own bill. Your building does not need a suitable roof for your residents to benefit, which makes this the answer for properties the engineering rules out.

What We Build

Three surfaces, and the one most owners overlook.

Carports & shade structures

Usually the better surface at a multifamily property: unobstructed, free of rooftop equipment, and structurally ours to build rather than yours to defend. The canopy delivers covered parking, better lighting after dark and the conduit for charging infrastructure later — amenities that appear in renewal rates, not merely in the operating statement.

II.

Rooftop solar

Flat roofs on mid-rise and garden-style properties, ballasted where the membrane suits it. Residents are undisturbed by the work and unaffected by it afterward unless the metering arrangement is designed to reach them.

III.

Storage & resilience

A battery trims the demand component of the house account and, dimensioned for it, carries elevators, corridor lighting and life-safety systems through an outage. In territories where the grid is unreliable this stops being an amenity and becomes the reason residents renew.

What We Look For

Five facts and we can give you an answer.

Roof and parking: Usable roof area with ten or more years of membrane life, or a parking field of roughly forty spaces upward. Either alone can carry a project; together they almost always do better.
Metering configuration: House meter only, individually metered units, or master-metered. This decides more about the economics than the roof does, and it is the first thing we will ask.
Utility and tariff: Which utility, which rate schedule, and whether your state offers virtual net metering or a community-solar programme your residents can subscribe to.
Affordability covenants: Income-restricted properties — low-income housing tax credit, project-based assistance and similar — reach incentives that market-rate properties cannot, including a dedicated programme for solar on affordable multifamily housing in California. Tell us the covenants; they frequently change the answer outright.
Hold horizon & encumbrances: A long-term hold makes everything simpler, and a mortgage ordinarily requires lender consent. We prepare the consent package; you need only the authority to sign.

How It Works

Four steps, none of them at your expense.

Send the property

An address, the unit count, and twelve months of the house-account bills. If you know whether the units are individually metered, say so; if you do not, we will work it out.
Desktop feasibility

Roof and parking geometry, the metering configuration, tariff economics and any incentive your covenants unlock, modelled at our desk and at our cost. You receive the arithmetic, including the assumptions behind it.
Agreement & diligence

A site lease, a power purchase agreement, or both, depending on which configuration serves you. We then fund the structural work, the interconnection application, the permits and the lender consent.
Construction and the first month's saving

Built around residents rather than through them, with parking staged in phases. We own, insure, monitor and maintain the system for the term, and the saving starts with the first delivered kilowatt-hour.

The Fine Print, in Plain Language

What we ask of you, and what we do not.

No capital from you: Engineering, structural assessment, legal work, interconnection deposits, permitting and construction. Ours, at every stage.
No obligation on residents: Nobody living in your building is required to participate in anything, and no resident's bill changes unless the configuration you choose is designed to lower it.
Parking returned: Construction is phased so the property never loses more of its parking than agreed in advance, and the count on completion is the count you started with.
Your counsel welcome: We draft in plain English and expect your lawyer to read it. An agreement that cannot survive a careful reading was never meant to be understood, and you should ask why.

Start Here

Send us the property and a year of the house account. We will send back the arithmetic.