News: Spotlight Content

Sunrise Solar Solutions completes roof installation

While planning for a new roof on their 50+ year-old affordable rental apartment complex, Wilder Balter Partners (a LEED designated home builder) began considering whether or not a solar installation would be a smart investment. They turned to Sunrise Solar Solutions, LLC whose executives were able to design a solar electric system that would lower operating costs at the property, pay for itself in under four years and save hundreds of thousands of dollars. Doug Hertz, a partner at Sunrise Solar met with the Wilder Balter team to describe the current incentive programs and explain how the system could be designed to cover most of the electric costs for the common space meter. "2011 and 2012 are the best years yet for the planning and implementation of commercial solar systems with three amazing incentives," said Hertz. Among the incentives, the Federal government is offering a 30% investment tax credit or grant in lieu of the tax credit. The system returns are completely front-loaded for 2011 and 2012 and the return on investment is in double digits. In the first year alone, the new 50KW (kilowatt) system will save Wilder Balter nearly $12,000. As the cost of power escalates at a much greater rate than core inflation, the returns will increase exponentially. The system will save more than $500,000 in utility costs during its lifetime. "The level of sophistication of the financial data that Sunrise Solar presented and their ability to navigate the various federal, state and utility programs to help us analyze the project and maximize our return made it even more appealing," Wilder Balter's COO, Gary Friedland said. Furthering the process, Sunrise Solar procured all the permits, interconnection agreements, electrical design and the electrical and building permits. Additionally, Sunrise Solar worked with the roofer, roofing manufacturer, architect and engineer to assure that all warranties will remain effective. Bill Balter, managing partner of Wilder Balter, said, "Continuing our green and sustainable mission, saving money and being able to actually add energy back to the grid in an already energy-challenged area furthers our responsibility as good neighbors and landlords." Sunrise Solar Solutions LLC is the sister company of 25 year old Sunrise Building and Remodeling of Briarcliff Manor. Sunrise Solar Solutions designs and installs solar systems for the commercial and residential market in the tri-state area. Sunrise Solar is certified by NYSERDA, NYSEIA, ISES and ASES. WBP's specialized skills in affordable, market-rate and luxury housing are derived not only from over 25 years experience, but also from its ability, within a single organization, to provide for the entire housing process, including: site selection; community consensus building; planning and zoning; government loan/grant processing; design and construction; and, finally, marketing, sales, management and syndication. WBP, Elmsford, NY, has also developed housing opportunities, including affordable housing, through joint ventures with nonprofit and for-profit sponsors, and with several lenders who have turned to WBP to resurrect foreclosed condominium projects into successful rental housing communities. In addition, WBP and Griffon have been selected as the developer/contractor by five city or county governments, and state housing agencies, to develop or rehabilitate housing in their communities. For more information: http://www.wbhomes.com/site/ (914) 347-3333 
MORE FROM Spotlight Content

NYREJ's 2026 Women in Commercial Real Estate Participation Options

The New York Real Estate Journal is pleased to present Women in Commercial Real EstateOverview This annual feature will celebrate the exceptional women and woman-owned firms making a significant impact across the New York commercial real estate industry.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
CRE Guide Featured Company: Merritt Environmental Consulting Corp.

CRE Guide Featured Company: Merritt Environmental Consulting Corp.

Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
2026 Developing Queens: Long Island Board of Realtors  advances commercial growth and advocacy in Queens

2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens

The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.