Private real estate management and investment firm Commerce Capital Partners (ComCapp) has teamed up with Green Mountain Energy to power 10 Texas apartment communities with 100% renewable electricity, add rooftop solar to one of its Corpus Christi communities, and offer renewable energy at a special rate to the residents of all ComCapp communities in deregulated markets.
By switching the common areas of these multi-family properties to wind energy, the real estate firm will avoid 4.7 million pounds of carbon dioxide (CO2) emissions every year. That’s like driving 5.8 million fewer miles or taking 500 cars off the road for a year.
ComCapp is taking sustainability a step further by installing 43 kW of solar generation at its Pavilions at North Shore community. The solar array was installed by Go Smart Solar and was supported with a SolarSPARC incentive from Green Mountain. The system will power the facility’s common areas and is expected to avoid 91,000 pounds of CO2 emissions per year.
“Adopting renewable energy is a growing trend in the apartment industry,” said Mark Parsons, vice president of Green Mountain. “We are proud to work with companies like ComCapp that are taking the lead to provide community members with the sustainable solutions they want in their homes.”
“By partnering with Green Mountain, ComCapp is taking a big step in its commitment to sustainability,” said Rob Finney, president of ComCapp. “Adding onsite solar generation and switching to 100 percent renewable energy enables us to reduce our energy consumption and the environmental impact of our properties, which benefits our residents and the communities we serve.”
Green Mountain provides business customers with energy solutions tailored to meet their sustainability and financial goals. As part of the partnership, the company helps ComCapp promote its renewable energy achievements to residents and to the markets they serve.
Commerce Capital Partners, LLC (ComCapp) is a private real estate management and investment firm focused on commercial real estate in the Sun Belt primarily Texas. At ComCapp (comcapp.com), we actively search out opportunities with value-add components, little or no competition, and undercapitalized ownership structures. Our principles have been active in commercial real estate since 1984 and currently have ownership interest in more than sixty properties comprising over 16,000 apartment units and 3.5 million square feet of commercial space in eight states.
About Green Mountain Energy Company
Green Mountain Energy Company (greenmountainenergy.com) is the nation’s longest serving renewable energy retailer and believes in using wind, sun and water for good. The company was founded in 1997 with a simple mission: to change the way power is made. Green Mountain offers consumers and businesses the choice of cleaner electricity products from renewable sources, as well as a variety of carbon offset products and sustainable solutions for businesses. Green Mountain customers have collectively helped avoid more than 63 billion pounds of carbon dioxide emissions.
Go Smart Solar
Founded in 2015, Go Smart Solar exists to drive the rapid adoption of solar. Go Smart Solar designs, permits, finances, installs, monitors, maintains, and sells solar energy systems in Texas. Go Smart Solar strives to be very different. Go Smart Solar believes that if we help educate our buyers and offer a really good price from the start, then they’re more likely to buy (and tell their friends about us). That’s our goal and our pledge to the community. Go Smart Solar is based in San Antonio, Texas and was the first company accepted into the EPIcenter New Energy Incubator program.