Estrella
Estrella, a 222-unit multifamily property in Dallas, TX, successfully deployed an onsite 462 kW solar system. The solar PV system significantly enhanced NOI and tenant satisfaction.
System Size
462 kW
Location
Dallas, TX
Units
222 units
Project Overview
Estrella is a 222-unit multifamily property located in Dallas, Texas. 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 462 kW solar PV system across multiple rooftops, carefully engineered to maximize energy production in Texas's climate. The system was completed in 2023 and has been generating significant returns since installation.
Results
The solar installation at Estrella has generated $122,877 in additional NOI annually, representing a significant boost to the property's financial performance. This translates to approximately $553 per unit in increased NOI.
Beyond the financial benefits, the property has reduced its carbon footprint by approximately 650,000 pounds of CO₂ annually, equivalent to planting over 4,800 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
$122,877
Annual NOI increase
$553
NOI increase per unit
4.0 yrs
Payback period
Environmental Impact
650k
Pounds of CO₂ avoided annually
4,800+
Equivalent trees planted yearly
624 MWh
Clean energy produced annually
Testimonial
“I've been working in construction and project management for 20 years and the guys at Shine are absolute rockstars. From initial design through O&M, Shine is with you every step of the way. Not to mention, their software legitimately solves the split incentive problem, which has plagued the multifamily industry for so long!“
Joel Cesare
General Partner, Estrella LLC
Ready to increase your property's NOI with solar?
Contact us today to learn how Shine can help your multifamily property achieve similar results.