At Ginkgo Residential we strive to be greener by practicing more environmentally sensitive operations with every step we take. Solar energy is among the cleanest and most abundant renewable energy sources available and one avenue we are investing in. Ginkgo is leading the industry in progressive energy options with our first installation of solar panels to generate power for common spaces at Aurora Apartment Homes in Charlotte, NC.
Philip Payne, a Principal at Gingko recently participated in a discussion about Solar Economics as part of ULI’s Responsible Property Investment Product Council’s webinar series for 2018. Philip, along with other panelists shared their experiences investing in solar energy; including the economics, value impact, returns, tips and more. Mr. Payne stated, “That while the project had a “payback” of 9 years, the investment in solar made sense because of its ROI (over 10%) and its immediate impact on the NPV on the property ($150,000 after a net cost of $87,500).” He also noted during the webinar “In real estate, we are about creating value, and its hard to argue with the value created with this solar project.”
“Here Comes the Sun” was the first in a 6-webinar series being developed by the RPIC in 2018. Future topics will include the business case for sustainability from the institutional investment community, technology, and real estate: AI and robotics, the intersection of climate change, resiliency and investment, new tools for sustainability finance and private capital solutions in affordable housing and homelessness.
To see the full webinar “Here Comes the Sun” and to learn more about future webinars click the link below