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Power to the People

Maple Glen Solar Project

What is better than paying utility bills?  How about having the utility pay you to generate electricity?  At Maple Glen Apartments, that’s exactly what we are doing.  


Under the Province of Ontario’s MicroFit program, we contracted to generate and sell electricity to EnWin Utility are a guaranteed rate of $0.802 per Kilowatt Hour for 20 years.  Partnering with Unconquered Sun Solar Technologies of Windsor, and privately financed by one of our investor partners, we installed 40 KW of photovoltaic (photo electric) panels on the roofs of our Maple Glen buildings.  The installation was completed in June and connected to the EnWin electric grid in September.  Our first partial month returns:  $1076 for September.   To illustrate what this means, if we net 1500/month from the solar project, at an 8% cap rate, this adds approximately $225,000 to the value of the building.

Bennett Apartments


Sponsors

Rent Windsor

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Maple Glen Apartments

Bennett Apartments

Bennett Apartments

Bennett Apartments

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