NEP Adds Solar to Condo Microgrid, Reducing Electricity Costs
New Albany Park Condominium Becomes First
NEP Innovation Gateway Program Customer
COLUMBUS, OH–BUSINESS WIRE
Nationwide Energy Partners (NEP) announced today that it has partnered with the New Albany Park Condominium Association on a project to help develop a 25kW solar energy system within their condo community.
The first customer in the NEP Innovation Gateway Program, the New Albany Park Condominium Association (Association), partnered with NEP to bring a solar solution to the complex. Construction on the rooftop solar energy system is expected to be completed this summer. The solar energy system will be located on the complex’s clubhouse and the electricity generated will offset most of New Albany Park’s clubhouse usage. The system will be installed at no capital cost to the Association. The Association will also receive a monthly credit as a result of its agreement with NEP.
Additionally, as part of its commitment to improving the local environment through clean energy, the Association has partnered with NEP to facilitate a purchase of clean renewable energy credits to offset all of the community’s annual electricity needs that are met from coal-fired sources.
“New Albany Park is a great place to live and with solar, it will be even better. Through our discussions with residents, it was clear that they wanted clean renewable energy because it makes financial and environmental sense. By adding solar to our NEP-installed microgrid, we will be able to offset electricity used at our clubhouse and reduce costs for our residents,” said Niki Summerlot, President of the New Albany Park Condominium Association.
NEP will make an investment in advanced metering systems and technology solutions at New Albany Park. These technologies are an essential part of the behind-the-meter microgrid that allows property owners and developers to add renewable energy, increase insights from energy data, and improve demand response. A study from the U.S. Department of Energy found that submetering cuts energy costs by 21%.
“Submetering is a gateway for energy innovation, allowing property owners and developers to think outside the box and create a microgrid onsite. With submetered microgrids, properties can lower energy costs, cut greenhouse gas emissions, and proactively and economically add value to residents,” said Gary Morsches, CEO of Nationwide Energy Partners.
New Albany Park Condominiums has 436 units and includes amenities such as a clubhouse, meeting room, pool house/deck, pond, and fountain.
Nationwide Energy Partners also provides maintenance, monitoring, and billing services to New Albany Park for resident electricity, water, and common area usage.
See the full article on BusinessWire here.