A photo voltaic system atop an condo complicated that enables tenants to subscribe to the ability generated on-site just lately accomplished its first 18 months in service, and the teams concerned have shared the outcomes.
Undertaking TexFlex, an initiative from PearlX Infrastructure and supported by SolarEdge gear, was launched on the 2410 Waugh Flats in Houston in 2022 and offers subscribing tenants (together with these within the low-to-middle revenue bracket) with entry to wash vitality and backup energy from an on-site photo voltaic and battery storage system.
Preliminary outcomes from Waugh Flats reveal that the on-site photo voltaic and storage resolution provided 46% of collaborating tenant’s each day vitality consumption in its first 18 months. This decreased grid demand for native grid operator ERCOT from 342 kWh/day to 184 kWh/day. This equated to a mean saving of $60 per tenant per thirty days from metered vitality payments. Moreover, throughout two grid outages lasting a complete of 10 hours, tenants continued to obtain energy due to the DC-coupled photo voltaic + storage resolution.
“Undertaking TexFlex is an ideal instance of our dedication to offering reasonably priced, clear vitality options to tenants in multi-family flats,” mentioned Michael Huerta, PearlX Co-founder and CEO. “The outcomes from Waugh Flats, the place residents are experiencing important vitality value reductions and improved grid stability, exemplify the constructive impression on-site photo voltaic and storage can present. Following the pilot’s success, we’ve got been aggressively scaling up set up tasks throughout Texas and California.”
A key differentiator on this venture is PearlX’s underwriting strategy, which removes the pre-existing obstacles for lower-to-middle revenue tenants to have entry to photo voltaic and storage. It does this by using a “non-credit” based mostly underwriting methodology, which permits tenant subscribers who stay inside TexFlex properties to entry the rewards of photo voltaic technology and battery storage with out the duty to current an industry-defined satisfactory credit score rating.
“The success of the Undertaking TexFlex emphasises the vital function that new developments in photo voltaic and storage expertise have in maximizing the worth to all of the enterprise stakeholders,” mentioned Peter Mathews, Normal Supervisor of SolarEdge North America. “Combining a DC-optimized inverter with a DC-coupled battery optimizes each drop of vitality, producing extra financial savings and longer backup for renters. For grid operators like ERCOT, these applications present higher management of an untapped pool of vitality to extend grid resiliency in Texas.”
Information merchandise from SolarEdge
