Designed for Payback
The Vita Companies had approx. 30,000 square feet of unused roof space, and their annual electricity bill before solar was approximately $72,000. With typical office space loads for printers, computers, HVAC, lighting, servers.
Their annual electricity bill after switching to solar will be between $300-$600, making a savings of $60,000-$80,000/year.
The benefits of solar to offices include fixed utility costs over 25-40 years, increased property value, and increased net operating capital. In addition, Vita was able to make their property more attractive to renters.
The solar system was designed and installed by Vista Solar, and is expected to offset the company’s electric bill by 84 percent, saving over $60,000 in electricity costs the first year alone, with an estimated 25 year savings of over $2 million. The system is expected to pay back in under 3 years and generate 278,252 kilowatt hours of clean energy each year, the equivalent of removing 211 tons of carbon dioxide emissions from the atmosphere annually. 68% of the cost of the system was offset by incentives.
Vita converted their unused rooftop space into an income-generating asset. By installing solar, Vita boosted their net operating income, and increased property value.