PVS1K is a 1GW solar + storage clean energy platform that will enable 1000 multi-family property (MFP) owners, in 22 United States, to generate, optimize, use, and monetize clean energy generated on and off their properties.
In a 20-40 year fixed-price PVS1K power purchase agreement (PPA), PV Solar owns, operates, and maintains the PVS1K system and a participating MFP can reduce its electricity bill by as much as 40% while providing its tenants with reliable, affordable, and sustainable clean energy.
Participating MFPs can also opt to own or lease their PVS1K system. While it can reduce lifetime costs, owning will require upfront capital contribution. And though leasing is "zero down", interest rates will make it more expensive than owning a system.
MFPs that participate in PVS1K can increase property value by claiming the clean energy they produce or buy as factors within their assessment of their ESG contribution to curbing climate change and accelerating the energy transition. The renewables status can also contribute to an MFP obtaining its LEED residential green certification.
MFPs that participate in PVS1K have the first mover advantage to attract tenants that value lower electricity bills and energy generated from clean resources that help curb climate change.