Berger Communities
Portfolio Energy Program
Solar + battery as standard on every unit across three Pennsylvania communities — 599 units — with optional EV charging. Berger owns the systems, claims the tax credits, and earns the spread at utility-parity resident pricing. Zero capital required. Figures below at the 40% ITC (30% federal + 10% low-income bonus).
Explore each community — site analysis & financials
Battery is standard (a shared common-battery plant bundled with rooftop solar on every unit, blended ~$10,000/unit), not a paid add-on. Resident pricing is set at utility parity by bedroom. EV charging remains optional (35% uptake modeled). Figures use the 40% ITC (30% base + 10% low-income/LMI bonus); the 30% base is the conservative floor. A further 10% domestic-content bonus for U.S.-manufactured equipment can lift the ITC up to 50% in some cases (not modeled). Because the shared-battery configuration keeps the install at $10,000/unit, the portfolio is cash-flow positive from month one — even before credits land. Construction must begin by July 4, 2026 to lock the current ITC.
How it works — in plain English
Across all three communities — 599 units — Berger Communities buys a complete solar-plus-battery system (building-rooftop solar plus shared common battery storage, allocated per unit) and pays for it over 25 years, like a mortgage on the equipment. Because Berger owns it, the federal government returns large tax credits — 40% ITC with the low-income (LMI) bonus — which Berger applies to the loan to cut the real monthly cost. Residents pay about what they pay the utility today, for clean power, battery backup, and a locked rate. Berger keeps the spread. The transaction is structured as a capital lease — Berger holds the systems as owner for tax purposes (which is what unlocks the ITC and MACRS) and pays NOI fixed monthly lease payments over 25 years. EV charging is offered as an optional add-on.
The numbers — 599 units, solar + battery standard, 40% ITC
The money Berger gets back — Year 1 (40% ITC)
Base case shown at the 40% ITC (30% federal + 10% low-income/LMI bonus). Systems financed at 8.99% over 25 years on the full $6,512,500 cost; ITC and MACRS (21% corporate tax, 100% bonus) are returned ~18 months after install and applied to reduce the loans. If the LMI Treasury allocation isn't secured, the 30% base ITC ($1,953,750) applies and the all-in cost rises to ~$47/unit. Two 10% bonus adders can apply on top of the 30% base — the LMI bonus and a domestic-content bonus for U.S.-manufactured equipment that meets FEOC sourcing — so in some cases the ITC reaches up to 50%; this model stays conservative at 40%. Construction must begin by July 4, 2026 to lock the ITC under the One Big Beautiful Bill Act. Consult your accountant — NOI is not a tax advisory service.
Berger Communities can generate $607,956+ in new annual NOI across three Pennsylvania communities through a solar-plus-battery program — standard on every unit — with optional EV charging, zero upfront investment and zero operational risk. Berger owns the systems (financed by NOI over 25 years), and at the 40% ITC the federal credits bring the real running cost to roughly $38/unit/month. Residents pay about what they already pay the utility, but get clean power, battery backup and a locked rate; Berger keeps the difference. Over 25 years the program creates ~$32.30M in value — $22.17M cumulative NOI plus $10.13M of asset appreciation. Three communities selected as a representative pilot from Berger's 61-community, 12,288-unit portfolio: the program scales across the full Pennsylvania, Maryland, Delaware and Ohio footprint on the same economics. Open each community above for its site analysis and financials.
NOI is a solar income platform built for residential real estate operators — turning rooftops into recurring revenue streams across multifamily, SFR and BTR communities, with zero operational burden on the landlord.
Before NOI, our founders spent years inside real estate portfolios and energy companies across the US. They saw the same pattern at every multifamily, BTR, and HOA property: rooftops sitting idle while energy bills kept climbing for tenants and owners alike. Solar was the obvious answer — but the existing model was broken. They decided enough was enough.
The Team
What NOI handles end-to-end
All solar modules are BloombergNEF Tier 1 rated — the industry gold standard for bankability, manufacturing scale, and long-term reliability. Rooftop solar and a shared common-battery plant are installed as standard, serving every unit. The base 30% ITC can be increased by two 10% bonus adders — a low-income community (LMI) bonus and a domestic-content bonus for U.S.-manufactured equipment that meets FEOC sourcing — so in some cases the ITC reaches up to 50%. This proposal models a conservative 40% (30% base + LMI).
☀️ Solar Array
| Component | Spec | Origin | Rating |
|---|---|---|---|
| Solar modules | SEG Solar 420W · ~3 kW allocation per unit | U.S. — Houston, TX | BNEF Tier 1 |
| Inverters | EcoFlow PowerOcean hybrid inverter | EcoFlow | 97.8% peak efficiency |
| Racking | IronRidge XR100 rail system | U.S. — Hayward, CA | UL 2703 certified |
| Wiring & BOS | PV wire, combiners, disconnects | U.S. sourced | NEC 2023 compliant |
🔋 Battery Storage — EcoFlow PowerOcean (shared common plant, standard)
⚡ EV Charger — EcoFlow Level 2 Smart Charger (optional)
What residents get — across every community
Every unit gets a solar allocation and battery backup as standard. Residents pay about what they pay the local utility today — but now for clean power, battery backup during outages, and a rate locked under the community's control. EV charging is available as an option. It fits Berger's promise that renting shouldn't be hard: one simple charge, no utility enrollment, no rate surprises.
A rooftop-solar allocation plus shared EcoFlow PowerOcean battery storage, serving every unit. The resident pays a fixed community fee at about their current utility bill, but gets battery backup and a locked rate.
A Level 2 charger in the community parking area, charging overnight from rooftop solar — at a fraction of public charging costs. The one optional upgrade.
A representative resident bill — Pennsylvania two-bedroom (PECO)
Below is a representative Pennsylvania two-bedroom electric bill (~750 kWh). Today the resident pays the utility a fixed customer charge plus a usage charge. With a rooftop-solar allocation + battery, the unit draws most of its power from solar — so the usage charge is replaced by a single solar charge to the community, while the resident keeps full grid access for backup. Figures are representative; Berger can supply an actual resident bill per community and we will set true parity.
Water, trash and every other charge are unchanged — only the electricity supply changes. The resident pays the community for solar instead of paying the utility for usage, and keeps the small fixed connection fee.
The unit stays connected to the local utility (PECO or Duquesne Light by community). The resident keeps full backup access to the grid and pays the utility's small fixed connection fee (~$10–14/mo). Because the rooftop solar and battery produce most of the unit's electricity, the resident draws little from the grid, so the utility's usage charge is replaced by one solar charge from the community. On cloudy stretches or peak demand, the unit pulls from the grid automatically, exactly as before.
NOI’s all-in cost to Berger is ~$38/unit/month. You set the resident’s solar rate by bedroom — anything above ~$38 is your margin. The financial model uses parity estimates of $95 (1BR), $125 (2BR) and $150 (3BR); the actual rate is yours to set against each community’s real resident bills.
Greatweek is NOI's separate, in-house billing platform (greatweek.com). Berger Communities can use Greatweek to manage the energy program in one place — or keep everything inside its existing Entrata resident portals and handle energy as a line item. Energy billing, rent collection, tenant communication, collection reminders, payouts, and solar production monitoring are all integrated. Berger is not required to use the platform, but it eliminates manual reconciliation — especially given the platform is directly integrated with the EcoFlow inverters and battery systems.
- Program scope
- 599 units across 3 Pennsylvania communities (Goshen Manor, Dublin Village, Stonecliffe)
- Ownership
- Berger owns the systems & claims ITC + MACRS
- Capital required
- $0 — financed, zero out-of-pocket
- Financing rate
- 8.99% over 25 years — sourced by NOI
- Standard offering
- Solar + shared battery on every unit (blended ~$10,000/unit); EV optional
- Resident pricing
- Utility parity (~$95–150/mo by bedroom); up to 3% annual escalator
- NOI all-in cost to Berger
- ~$38/unit/month at 40% ITC (~$47 at 30% floor)
- Platform / service fee
- $0 if Berger self-bills — Berger keeps the full spread
- Combined annual NOI
- $607,956 (40% ITC base case) · asset lift +$10.13M @ 6% cap · ~$32.30M 25-yr value
- ITC
- $2,605,000 (40% with LMI) · $1,953,750 at 30% base floor · up to 50% with LMI + domestic-content adders
- ITC construction deadline
- July 4, 2026 (One Big Beautiful Bill Act)
- Exclusivity window
- 90 days from signing
- Offer valid until
- July 31, 2026
Per-community schedule (40% ITC base case)
| Community | Units | Utility | Resident charge (blended) | System cost | ITC (40%) | Annual NOI |
|---|---|---|---|---|---|---|
| Goshen Manor | 143 | PECO Energy | ~$110/mo | $1,555,000 | $622,000 | $141,372 |
| Dublin Village | 144 | PECO Energy | ~$110/mo | $1,565,000 | $626,000 | $142,416 |
| Stonecliffe | 312 | Duquesne Light | ~$114/mo | $3,392,500 | $1,357,000 | $324,168 |
| Portfolio total | 599 | — | parity | $6,512,500 | $2,605,000 | $607,956 |
Buy-Out, Transfer & End-of-Lease Options
At any point after Year 5, Berger can buy out a lease at fair market value and assume full ownership.
On sale, a lease transfers to the incoming owner for the remainder of the term — seamless, no revenue disruption.
Extend at reduced cost, upgrade to new equipment with a fresh lease, or take full unencumbered ownership. Panels expected to produce ≥80% capacity well beyond year 25.
By executing below, Berger Communities authorizes NOI to proceed with site survey, system design, capital-lease structuring, and permitting across the three communities. Unit counts, unit mixes and parity charges shown are estimates from public listing data and market rates; final figures are confirmed against Berger's rent roll and actual resident bills at survey.
Offer valid through July 31, 2026 · Questions? noisun.com