Alta Cave Apartments
Westplan Investments – Wood Partners
47kW Grid-connected PV
Wood Partners is one of the five largest US apartment developers and Westplan Investments is an Atlanta based real estate investment entity that owns apartments and commercial property throughout the country. Through a partnership, the two entities own the Alta Cave Apartment complex in Phoenix, AZ and intend to add value through operational gains.
The addition of the Photovoltaic solar system adds substantial operating income to the property over the expected operational life. Located in hot Arizona, the owners chose to develop their first solar system, in both their portfolios, on a newly added parking canopy system. The parking canopies provide both electricity and valuable shaded parking. Renewvia Energy engineered a solution for Alta Cave that utilizes the solar installation to power common area needs of the property.
Utilizing solar panels from Suniva, enphase microinverters and mounted at a 5-degree tilt on parking canopies, Renewvia Energy is providing over 117,000 kWh of electricity to the complex each year.
The project takes advantage of Arizona Public Services’ production-based renewable energy incentive program to bring these benefits of solar energy to Alta Cave. Renewvia Energy developed and operates the power plant for Westplan. Westplan Investments owns the project and benefits directly from the economics. Arizona Public Service owns the Environmental Benefits generated by the project for 20 years.
Environmental Benefits
Carbon Dioxide Offset (annually): 71 tons
Carbon Dioxide Offset (25 years): 1,673 tons
• Equal to removing 13 automobiles from the road or 155,766 miles not driven
• Equal to planting 16 acres of pine trees
NOx Emissions Offset (25 years): 2 tons
SO2 Emissions Offset: (25 years): 2 tons
