NMHC Top 10 Property
Boston, Massachusetts
562.61 kW
System size
$236,000
Annual solar NOI
20.25%
Yield on cost
$3.78M
Est. property value created
Raise Net Rent Without
Costing Tenants a Dime
Did you know solar delivers more income for affordable housing properties? By lowering your property's utility allowance, solar creates room to raise net max rent — dollar for dollar — while your residents' total housing costs stay the same.
How to Generate More Income With Shine
Shine lets affordable housing properties:
Lower UAs and increase max net rent
We install solar to offset tenants' electric use. With Shine, each tenant has a small solar array interconnected to their meter. This design approach allows owners to reduce utility allowances through energy consumption model UA methodology.
Increase gross potential rent (GPR)
With higher net max rent, your increased income can either flow to you, increase loan proceeds as part of an LIHTC syndication, or act as an operating income buffer to cover unforeseen expenses.
Self-fund GAP financing
When solar is installed in conjunction with a LIHTC syndication, tax equity reduces the cost of the system. The NOI lift from reduced UAs allows owners to generate additional loan proceeds in excess of the system's cost.
Protect your net max rent
Utility rates are climbing faster than area median incomes — eroding your NOI. Solar offsets a portion of that usage, isolating it from future utility rate increases. That protects your net max rent.
Keep underwriting moving
We know affordable housing deals move through complex stages involving budgets, tax credit investors, and lenders. Shine turns around underwriting-ready estimates fast.
Work with a single team
Other solar companies require you to work with multiple vendors to complete a project. From feasibility analysis through design, installation, and monitoring, Shine handles every stage ourselves. We're your one accountable partner.
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Built or under construction
0 states
Operating in today
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Available nationwide
See How Solar Increases Property Value for Affordable Housing Communities
An Affordable Housing Community
Miami, Florida
8,995.03 kW
System size
$164,200
Annual solar NOI
61.65%
Yield on cost
$3.03M
Est. property value created
One Solar Expert for All Stages of Your Project
A typical solar project involves a portfolio consultant, a solar provider to design, permit, and build the system, a separate software company for resident billing, and a monitoring vendor to keep it all running. Shine does all of it ourselves.
From the first feasibility analysis to years of ongoing maintenance, we own the lifecycle of your solar program and stay accountable every step of the way.
Calculate my income with solarWhat We Cover :
1. Analysis
We evaluate a single property or your full portfolio to identify system size, project costs, potential net rent increases, and more.
2. Design
We engineer around your property's roofs, electrical infrastructure, and unit configuration.
3. Permitting
We manage the plans, permitting, and utility interconnection so the project keeps moving.
4. Installation
We build and commission the system with the care an occupied apartment community requires.
5. Resident Billing
We set up and manage billing for resident-facing systems with no SaaS fees.
6. Monitoring
We track system performance after commissioning at no additional cost.
7. Maintenance
Our optional long-term maintenance program includes inspections and repairs for the life of the system.
Turning Energy Into NOI Across the USA
Find Out What Your Roof Is Worth
Get in touch with us to discover how solar delivers additional income. Whether you have one property or an entire portfolio, we’re happy to provide a free analysis.