Real estate development company HRI Properties is installing solar arrays at six of its developments in Louisiana for a $10 million solar energy project totaling 1.05 MW.
According to the company, this will be the largest solar installation in Louisiana, generating 1.4 GWh per year at residential apartment complexes in New Orleans, Houma and Shreveport. The arrays are located at River Garden, American Can and the Blue Plate Artist Lofts in New Orleans; the Bonne Terre Village I and II apartments for the elderly in Houma; and the Lee Hardware/United Jewelers apartments in downtown Shreveport.
All installations are complete, except American Can and Blue Plate apartments, both of which are expected to be finished in the first quarter of this year. The arrays all use polycrystalline PV modules and energy monitoring systems. Net metering arrangements are in place with local electric utility companies.
Funding for the project was made possible through the American Recovery and Reinvestment Act and the EmPower Louisiana initiative administered by the Louisiana Department of Natural Resources, as well as state and federal renewable energy tax credit programs. Iberia Bank is providing construction financing for the project.