SOLAR INSTALLATION AT

Gateridge

$644,397

25 Year Utility Savings

102.5 kW

Project Size

Fairfield, IA

Location

125,709 kWh

Annual Production

2,152 t CO2

Emission Reduction

Adding Additional Revenue to Real Estate

Gateridge Solar Case Study

Completed 2015, the Gateridge Court Office Building was one of the first commissioned Power Purchase Agreement (PPA) third-party financed solar installations in the State of Iowa. Ideal Energy collaborated with top legal experts experienced in wind industry finance, to comply with Iowa regulatory and legislative mandates, ensuring the financial viability of the project.

Real estate developers can reap major benefits with the addition of an investment into solar. Besides cutting utility bills, solar arrays allow property owners to take advantage of federal, state, and utility incentive programs, add value for tenants, and generate annuity-like returns.

The Gateridge Court Office Building developer Doug Greenfield explains how he and his tenants both benefit from solar energy. After the arrays are paid off, he plans to offer his tenants reduced utility bills. “Once the array is paid for I’ll have an annuity coming in for the rest of my life and the tenants in the building will have a benefit of a discounted utility rate. It’ll be a win-win in the long run.”

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