SunBug embraced the Corey Hill project, and was selected to design and install a 47-kilowatt rooftop solar PV system that reduces Corey Hill’s reliance on fossil fuel grid power, slashes their operating expenses, and generates an income stream for the homeowners association.
Project Highlights and Benefits:
10-year solar production incentive income for the HOA: $160,000
Projected 30-year common area energy cost savings: $300,000
More than $100,000 of tax credit and rebates distributed directly to unit owners
Financed with a low-interest rate bank loan whose payments are fully covered by common area electricity expense savings
Reduces carbon emissions by 1,100 metric tons over 30 years