Sierra Gardens
Sierra Gardens, a 235-unit multifamily property in Fort Worth, TX, successfully deployed an onsite 391 kW solar system. The solar PV system significantly enhanced NOI and tenant satisfaction.
System Size
391 kW
Location
Fort Worth, TX
Units
235 units
Project Overview
Sierra Gardens is a 235-unit multifamily property located in Fort Worth, 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 391 kW solar PV system across multiple rooftops, carefully engineered to maximize energy production in Texas's climate. The system was completed in 2022 and has been generating significant returns since installation.
Results
The solar installation at Sierra Gardens has generated $99,586 in additional NOI annually, representing a significant boost to the property's financial performance. This translates to approximately $424 per unit in increased NOI.
Beyond the financial benefits, the property has reduced its carbon footprint by approximately 412,000 pounds of CO₂ annually, equivalent to planting over 3,100 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
$99,586
Annual NOI increase
$424
NOI increase per unit
3.8 yrs
Payback period
Environmental Impact
412k
Pounds of CO₂ avoided annually
3,100+
Equivalent trees planted yearly
395 MWh
Clean energy produced annually
Testimonial
“Shine transformed the way we, as property managers, provide additional benefits to tenants using onsite solar. Thanks to Shine, we now have a nationwide strategy to help save tenants money through lower electricity bills.“
Collin Schwartz
Founder of Brick Town Management
Ready to increase your property's NOI with solar?
Contact us today to learn how Shine can help your multifamily property achieve similar results.