Sunview Development Company, a 15-year veteran of the Oklahoma home building industry, has tapped Dallas-based Sunfinity Renewable Energy to install roof-mounted solar arrays atop 54 homes at a development located in Calera, Oklahoma.
“The solar installations make our properties significantly more competitive in the market,” said Jay Mauck, a manager with Sunview Development. “We’ve stepped up our offense on electric bills using a natural resource that’s available to us all. It truly is a win-win for us as a company, doing what’s good for the environment and the tenants.”
The project totals 289 kW and marks Sunfinity’s entry into the Oklahoma solar market, making the company the largest installer of residential solar in the state.
Construction of the development started in 2016. The subdivision includes 54 units composed of 1800-sq. ft. duplexes, which are all rental units. Each home will have a 15-16 panel system capable of offsetting 68% of the home’s required electric needs, based on average use. The developer will add additional amenities, such as storage units, covered parking, walking tracks and a soccer field.
“Installation was completed earlier this year, so families will begin realizing savings in time for summer heat and the year’s highest electric bills hit,” said John Billingsley, chairman and CEO of Sunfininity. “Sunview was able to take advantage of the 30% federal tax credit, which decreases at the end of 2019. This literally means they had a 30% discount on the cost of the systems, with a payback period just over five years.”
According to the Solar Energy Industries Association (SEIA), prices for solar in Oklahoma have fallen 43% over the last five years — and the Oklahoma Department of Commerce estimates as the solar industry matures, nearly 45% of all energy in the state could be solar powered.
“Oklahoma is subject to extremes in temperatures, resulting in high electric bills for many homeowners,” Billingsley said. “Solar is a wonderful alternative to help those families save significant amounts of money, and that’s a key reason the industry is expected to continue growing in this state in the near term.”
News item from Sunfinity Renewable Energy