Summit Equity Investments – Casa Caranza Apartments
281kW Grid-connected PV
Summit Equity Investments is a Los Angeles based real estate investment entity. Summit Equities purchased the Casa Carranza Apartment complex in Mesa, AZ with the intent to add value through operational gains. The addition of this solar project adds substantial operating income to the property over
the expected operational life.
Located in Arizona, Renewvia and Summit chose to develop the system on a newly added parking canopy system. The parking canopies provide both electricity and valuable shaded parking. Renewvia Energy engineered a solution for Summit that allows all building tenants to use power from the 281kW PV system.
Utilizing 1004 solar panels from Suntech, PVP100KW and 75KW inverters from PV Powered and mounted at a 20-degree tilt on parking canopies installed by Envision Solar, the solar power system is providing over 486,000 kWh of electricity to the complex each year.
The project takes advantage of the Salt River Project’s production-based renewable energy incentive program to bring these benefits of solar energy to Summit and its tenants. Renewvia Energy developed and operates the power plant for Summit. Summit Equity Investments owns the project and benefits directly from the economics. Salt River Project owns the Environmental Benefits generated by the project for 10 years.
Environmental Benefits
Carbon Dioxide Offset (annually): 232 tons
Carbon Dioxide Offset (25 years): 5,812 tons
• Equal to removing 45 automobiles from the road or 541,092 miles not driven
• Equal to planting 56 acres of pine trees
NOx Emissions Offset (25 years): 8 tons
SO2 Emissions Offset (25 years): 6 tons
