June 23, 2014 – RGS Energy has been selected by Georgetown Mews Owners Corp. to design and install 1MW solar power systems in Kew Garden Hills, New York.
The systems will be installed on the rooftops of a 60 acre residential cooperative, and is expected to offset 35% of the electricity costs for 930 garden apartments, nearly $250,000 in the first year alone. This use of solar is also expected to eliminate more than 1.8 million pounds of annual carbon dioxide emissions.
"By combining the benefits of NYSERDA rebates, a Federal Tax Credit, NYC property tax abatement, and Con Ed’s buy-back of solar-generated electricity via net metering, RGS Energy is able to deliver significant cost savings to our cooperative by going solar," said James Goldstick, VP of Mark Greenberg Real Estate, the managing agent for Georgetown Mews. "This is a complex project that requires a company like RGS Energy, with its strong depth and breadth of capabilities, to meet its specifications."
The solar power systems will be designed to take advantage of the remote net-metering tariff, a solar friendly statute in New York enabling the solar electricity to be monetized and credited to apartment owners' electric bill.
Jared Haines, VP of Sales for RGS Energy's commercial division, commented: "Georgetown Mews project is an ideal example of our team’s capability to design and deliver custom solutions for any type of customer. RGS Energy was the first solar company to install a commercial net-metered system to the Con Ed Grid, and is paving the way for greater adoption of remote net-metering. In fact, this housing cooperative will be among the first to take advantage of remote net-metering in New York."
RGS Energy plans to begin construction in the third quarter of 2014 and finish before the end of the year.