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

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
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”.
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability