A 2.18-megawatt photo voltaic array at present underway on the 684-unit Seneca Village flats in Gaithersburg is the most important rooftop photo voltaic mission on a multifamily property in Montgomery County.
The roofs of 58 buildings are anticipated to be accomplished subsequent month. The photo voltaic mission is at present within the allowing section and consists of energy-efficient roofs with a reflective coating.
The mission is thru Photo voltaic Vitality Providers and Patuxent Roofing and Contracting and is funded by the Montgomery County Inexperienced Financial institution in partnership with Viginia Group Capital and NYCEEC, a New York firm that lends cash for inexperienced tasks. This mission includes $5 million in funding.
When accomplished, the inexpensive rental property is predicted to save lots of about 2,500 kilowatt hours of vitality and generate greater than $300,000 in annual financial savings. With out this photo voltaic array, the flats would generate about 2,000 metric tons of carbon dioxide greenhouse fuel emissions per yr, in line with the Montgomery County Inexperienced Financial institution.
“A basic a part of our mission is to help the County’s local weather objectives of equitable entry to scrub vitality. This mission situated in an Fairness Emphasis Space and in an inexpensive housing property one instance,” mentioned Tom Deyo, CEO of Montgomery County Inexperienced Financial institution, in a information launch. “Moreover, this collaboration with Virginia Group Capital and NYCEEC is the proper illustration of how Montgomery County Inexperienced Financial institution makes use of of capital and new partnerships to speed up clear vitality tasks within the County.”
Virginia Group Capital President and CEO Amir Kirkwood added, “The Montgomery County Inexperienced Financial institution crew shares our imaginative and prescient to enhance entry to renewable vitality and inexpensive indoor housing. within the area.”
Seneca Village Flats is situated on 40 acres.