Dallas-based Sunfinity Renewable Energy was recently tapped by Sunview Development Co. – a 15-year veteran of the Oklahoma home-building industry – to install solar systems at a residential development in Calera, Okla.
The project marks Sunfinity’s entry into the Oklahoma solar market. Sunfinity estimates that each home will save more than $840 annually in electric bills for a cumulative savings nearing $1.36 million over the 30-year life of the projects.
The development includes 54 units with 1,800-square-foot duplexes, which are all rental units. Each home will have a 15- to 16-panel system capable of offsetting 68% of a home’s electric needs, based on average use.
“The solar installations make our properties significantly more competitive in the market,” remarks Jay Mauck, 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.”
“Installation was completed earlier this year, so families will begin realizing savings in time for summer heat and when the year’s highest electric bills hit,” says John Billingsley, chairman and CEO of Sunfinity Renewable Energy. He notes that Sunview also took advantage of the 30% federal investment tax credit.