Condo Homeowners See Solar Electric Benefits

BOULDER, Colo., Sept. 17, 2012 /PRNewswire/ -- Can solar energy unite a homeowners' association? The answer is yes, as demonstrated by Remington Post, one of Boulder, Colorado's, largest and most established condominium communities. 

Traditionally viewed as institutions slow to embrace major change, Remington Post's HOA proved to be an exception, as its 278 members reached consensus on a project to install Phase 1 of a solar-powered electricity system to serve its 17-acre campus.

Logic for the project included not only environmental goals, but also the promise of significant, long-term cost savings for residents.  A greener environment coupled with the saving of "pocketable green" proved to be a winning argument for the homeowners.

"Our challenge was to find a provider capable of adding solar at this scale," said Jason Potter, Remington Post HOA president. "When we settled on Syndicated Solar, Inc., to provide the turnkey installation, we made a big step in pursuing the green lifestyle our homeowners prefer.  Completion of Phase 1 confirms the wisdom of our decision to go with this firm."

In its quest to find a solar solution suitable for a large complex with hundreds of owners, Remington Post faced challenges and frustrations. "We almost gave up," said Barney Moran, Manager at Remington. "Many people think getting a solar installation up and running is easy, and it may be for a single family home. But not for a large HOA. Fortunately, Syndicated Solar had the depth of understanding, know-how, and tenacity to help us make our rooftop solar project a reality."

Rooftop Solar Phase 1 provides solar arrays on four of Remington Post's 12 residence flat roofs and two of its carport roofs. Together these arrays will generate over 100 kW of electricity, and are designed to provide the community with electricity at a fixed rate for the next 20 years and probably beyond. Based on historical Xcel Energy's rate increases, the Remington Community anticipates energy savings of well over $300,000 in that time period.

"And this is much more than dollar savings," Moran said. "This solar installation provides a cushion against higher electric utility costs, and it sends a positive, green message to both the Remington Community and our larger Boulder public. We're demonstrating to other communities what this technology can achieve."

Justin Pentelute, CEO of Syndicated Solar Inc., saw Remington Post's Rooftop Solar Project as an opportunity to maximize the solar potential of the campus and its buildings: "We knew that when we structured the system and the financing correctly, the owners would get their long-awaited solar project underway. Now we're looking forward to beginning Phase 2 as soon as possible."

The flat roof design of the Remington Post buildings is ideal for installing the solar arrays. The parapets hide and protect the arrays from the weather, while the solar exposure is ideal for power generation.

About Remington Post

Remington Post Home Owner's Association is committed to providing outstanding service and value to their residents. They are widely recognized as a preeminent self-managed Condominium Association, serving Boulder Colorado for over four decades. For more information, visit http://remingtonpost.info .

About Syndicated Solar

Syndicated Solar is a national, full-service solar developer providing site evaluation, system design, financing, permitting, installation, operations and maintenance of solar systems for residential and commercial clients. For more information, visit www.syndicatedsolar.com .

SOURCE Syndicated Solar, Inc.