Champion Villas
Champion Villas, an 81-unit multifamily property in Rapid City, SD, successfully deployed an onsite 209 kW solar system. The solar PV system significantly enhanced NOI and tenant satisfaction.
System Size
209 kW
Location
Rapid City, SD
Units
81 units
Project Overview
Champion Villas is an 81-unit multifamily property located in Rapid City, South Dakota. The property owner was looking for ways to increase NOI while also providing value to tenants and reducing the property's environmental impact.
Shine designed and installed a 209 kW solar PV system across multiple rooftops, carefully engineered to maximize energy production in South Dakota's climate. The system was completed in 2022 and has been generating significant returns since installation.
Results
The solar installation at Champion Villas has generated $47,128 in additional NOI annually, representing a significant boost to the property's financial performance. This translates to approximately $582 per unit in increased NOI.
Beyond the financial benefits, the property has reduced its carbon footprint by approximately 295,000 pounds of CO₂ annually, equivalent to planting over 2,200 trees each year.
Implementation Process
Assessment
Comprehensive site assessment and energy usage analysis to determine optimal system size and configuration.
Design & Permitting
Custom system design and handling of all permitting requirements with local authorities.
Installation & Monitoring
Professional installation and implementation of real-time monitoring systems for ongoing performance tracking.
Financial Impact
$47,128
Annual NOI increase
$582
NOI increase per unit
4.2 yrs
Payback period
Environmental Impact
295k
Pounds of CO₂ avoided annually
2,200+
Equivalent trees planted yearly
283 MWh
Clean energy produced annually
Testimonial
"From the initial design through construction, Shine does everything. Shine's experience and commitment ensure a headache-free transition to onsite solar. The support we received throughout the process is unmatched. Shine demonstrates a deep understanding of the multifamily industry and our needs as owners."
Chris Pomerleau
Co-Founder of LeavenWealth
Ready to increase your property's NOI with solar?
Contact us today to learn how Shine can help your multifamily property achieve similar results.