Increase Your Net Operating Income and Tenant Affordability
Innovative Solar Solutions for Low-Income Commercial Properties
To Boosting Profitability and Tenant Satisfaction With Solar
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As an affordable housing property owner, you’re facing critical challenges:
– Rapidly rising utility allowances eating into your rental income
– Soaring energy costs for common areas and facilities
– Skyrocketing insurance premiums (some seeing 100% increases)
– Inflation outpacing income growth in your communities
– Pressure to maintain affordability while costs spiral
– Risk of properties becoming financially unviable
Aztec Solar, powered by Powertree Services, offers a groundbreaking solution designed specifically for affordable housing properties.
How Our Solar Solution Works for Affordable Housing:
1. Direct-to-Tenant Energy Delivery: We install solar panels and battery storage on your property.
2. Behind-the-Meter System: No complex utility agreements or grid export concerns.
3. Reduced Tenant Usage: Solar energy directly lowers tenants’ utility consumption.
4. Lower Utility Allowances: As tenant utility costs decrease, so do required utility allowances.
5. Increased Net Operating Income: Potential to recapture rent as utility allowances decrease.
Why Our Solar Solution is Perfect for Affordable Housing:
– Combat Rising Utility Allowances: Deliver energy directly to tenants, reducing their utility costs
– Increase Net Operating Income: Potential to recapture rent as utility allowances decrease
– Hedge Against Future Cost Increases: Protect against soaring utility and insurance rates
– Access Substantial Incentives: Benefit from up to 70% Investment Tax Credit (ITC) for low-income projects
– Improve Property Value: Enhance your building’s worth and financial viability
– Provide Tenant Benefits: Offer clean, affordable energy to your residents
Impressive Financial Benefits:
Potential for less than 5-year
payback on your investment
Opportunity to increase Net Operating Income while benefiting tenants
Protection against rapidly rising utility costs (e.g., PG&E rates up 70% in 4 years)
Shield against insurance rate hikes (some properties seeing costs double)
Exclusive Incentives for Affordable Housing:
– Up to 70% Investment Tax Credit available for qualified low-income projects:
– 30% base ITC
– 20% bonus for low-income residential projects
– 10% bonus for domestic content (which we qualify for)
– 10% bonus for energy communities
– Potential for direct pay options with non-profit partnerships
Compliance and Regulatory Support:
– Assistance with CTCAC utility allowance calculations
– Support for CUAC (California Utility Allowance Calculator) implementation
– Guidance on leveraging incentives while maintaining affordability requirements
– Help navigating recent regulatory changes allowing solar benefits in more scenarios
Ready to Strengthen Your Affordable Housing Portfolio?
Contact Aztec Solar today for a free consultation and customized analysis. Our experts understand the unique challenges of affordable housing and will guide you through the process of implementing this game-changing solution.
Securing the future of affordable housing with sustainable, cost-effective energy solutions.
916-812-7688
*Aztec Solar, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, financing, tax, legal or accounting advice. You should consult your own tax, legal, financial advisors, and accounting advisors before engaging in any transaction. For more information on the solar tax credit, Visit this link.
**Savings and results can differ. The amount saved may vary. The savings calculation is derived from projected data of Aztec Solar customers, utilizing local utility rates as of January 1, 2024 (in accordance with NEM 3.0).
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