RGS Energy To Deploy 1 MW Of Solar For N.Y.C. Garden Apartments

Posted by SI Staff on June 24, 2014 No Comments
Categories : Projects & Contracts

RGS Energy, a Real Goods Solar company, has been selected by Georgetown Mews Owners Corp. to design and install 1 MW of solar power systems in Kew Garden Hills, N.Y.

RGS says the systems will be installed on the rooftops of a 60-acre residential cooperative and are expected to offset 35% of the electricity costs for 930 garden apartments, saving nearly $250,000 in the first year alone.

James Goldstick – vice president of Mark Greenberg Real Estate, the managing agent for Georgetown Mews – says RGS will help realize such cost savings thanks, in large part, to a combination of rebates from the New York State Energy Research and Development Authority, a federal tax credit, a New York City tax abatement, and utility Con Ed's buyback of solar via net metering.

RGS Energy plans to begin construction in the third quarter of this year and finish by year-end.

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