Location: Auburn, MA
Industry: Commercial Real Estate
Solution: Rooftop Solar
Rabina Properties is a real estate investment, development, and management firm based in New York. Family-owned and operated for three generations and in business for over 60 years, Rabina Properties owns more than 7 million square feet of apartment houses, office buildings, retail properties, and industrial sites.
As a veteran real estate company, Rabina Properties is knowledgeable about maximizing property value and offering the best possible benefits to its tenants. Their objective behind going solar was to improve their property’s sustainability value and advocate environmental welfare.
Adding solar to the roof of their Auburn property allowed them to reduce the building’s operating costs significantly and share the savings with their tenants.
A 70% reduction in electricity costs
Rabina Properties is projected to notice a 70% annual reduction in its electricity bill.
Besides, it received state and federal tax incentives and continues receiving an income from the sale of SRECs (Solar Renewable Energy Certificates—financial incentives based on the amount of solar energy a system generates), which bolsters Rabina’s annual revenue.