Extra Space Storage continues its mission to reduce its carbon foot print by adding 31 new solar projects with Safari Energy LLC. With Safari's demonstrated leadership position in delivering comprehensive solar solutions to the REIT industry, EXR selected Safari to develop and build over 3,880 kW of solar projects, across 26 EXR locations in New York, New Jersey, Massachusetts and Connecticut.
The projects are located in a variety of high value solar markets, requiring sophisticated incentive management of the Long Island Power Authority's Feed in Tariff and rebate programs, NYSERDA solar programs, Connecticut ZREC solicitations as well as Massachusetts and New Jersey SREC markets. In addition, multiple value transfer methods were utilized, including remote net metering, which allows energy from one site to be credited against consumption at another.
"Extra Space is committed to maximizing customer satisfaction through delivering excellent products and services; generating rooftop solar energy production in lieu of using energy from carbon emitting sources furthers this commitment and leverages a previously unused asset within our portfolio – our rooftops," said Brent Hardy, SVP National Construction and Facilities Management with EXR.
By maximizing State and Federal incentives, Safari is helping Extra Space to reduce operating expenses while further greening its operations. "Extra Space is a demonstrated leader not only in the self-storage market but also in environmental stewardship. They are also a leader in the US commercial solar rooftop space, in terms of number of systems installed. We are thrilled to be a partner in their program," said Matt Rudey, Safari's CEO.
