Duval Landing
Energy Program
Prepared for Center Creek Capital Group · Jacksonville, Florida · 46 single-family homes
Prepared for Center Creek Capital Group · Jacksonville, Florida · 46 single-family homes
How it works — in plain English
Center Creek buys the energy system from NOI and pays for it over 25 years — like a mortgage on the equipment. Because CC owns it, the government gives CC large tax credits back. CC uses those credits to pay down the loan, which cuts the real monthly cost roughly in half. Residents then pay a little less than their old power bill, and CC keeps the difference. Here is the same story in five steps.
What it actually costs CC — per solar home, per month
The money CC gets back — Year 1
System financed at 8.99% over 25 years on the full $1,013,054 cost. The 30% ITC and MACRS depreciation (21% corporate tax rate, 100% bonus depreciation) are returned roughly 18 months after install and applied to reduce the loan — which is what produces the ~$86/home real cost shown above. Domestic-content and low-income (LMI) bonus credits can raise the ITC further. Consult your accountant — NOI is not a tax advisory service.
Center Creek Capital Group can generate $28,295+ in new annual NOI through a solar, battery storage, and EV charging program with zero upfront investment and zero operational risk. CC buys and owns the system — financed by NOI over 25 years — and the federal tax credits CC receives bring the real running cost down to roughly $86/home/month. Residents pay below their utility bill, and CC keeps the difference. NOI provides the complete solution: system design, installation, ongoing maintenance, energy billing, and the capital to fund the project.
How it works for residents. Once the energy system is installed, tenants enjoy lower energy bills, greater energy reliability, backup power resilience during outages, and a more sustainable living environment. Instead of paying JEA (Jacksonville Electric Authority) directly, residents pay the community a fixed monthly energy fee. Even with this structure, residents typically pay less than they would through the local utility — making it a straightforward value proposition at lease signing.
NOI is a solar income platform built for residential real estate operators — turning rooftops into recurring revenue streams across 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
The portfolio splits into 32 townhome units across 6 buildings inside the Duval Landing / Camden Crossing community — uniform rooflines ideal for standardized solar — plus 14 scattered single-family homes nearby that each require individual roof and shading evaluation.
Part A — Duval Landing: 6 Buildings, 32 Homes
Six new-construction townhome buildings on Camden Crossing Drive and Henley Court. Identical rooflines and three repeating floor plans make these ideal for a single standardized solar design rolled out building-by-building.
Building Breakdown — 6 Buildings · 32 Units
| Location | Buildings | Units | Floor plans |
|---|---|---|---|
| Henley Court | 3 buildings | 16 units | 2BR/2.5BA · 1,239 ft² · 3BR/2.5BA · 1,438 & 1,568 ft² |
| Camden Crossing Dr | 3 buildings | 16 units | 2BR/2.5BA · 1,239 ft² · 3BR/2.5BA · 1,438 & 1,568 ft² |
| Total | 6 buildings | 32 units | 3 repeating floor plans |
Part B — 14 Scattered Single-Family Homes
These 14 single-family homes sit outside the main community. Each has been pre-screened with Google Project Sunroof (shown below), but a final solar design and offer requires an individual site visit, roof inspection, and tree/shading assessment. The screenshots show usable sunlight, available roof area, and estimated 20-year savings per home. Homes flagged "needs investigation" have heavy tree cover that may require removal to be viable.
✓ Easy to Place Solar — 7 Homes
⚠ Needs Further Investigation — 7 Homes
All solar modules are BloombergNEF Tier 1 rated — the industry gold standard for bankability, manufacturing scale, and long-term reliability. U.S.-sourced equipment maximizes IRA domestic content bonus eligibility (+10% additional ITC on top of base 30%).
☀️ Solar Array
| Component | Spec | Origin | Rating |
|---|---|---|---|
| Solar modules | 19 × SEG Solar 420W (7.98 kW) | 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 Ocean Pro
⚡ EV Charger — EcoFlow Level 2 Smart Charger
Part A — Solar: How the base economics work
Center Creek pays NOI $86/home/month (fixed). You charge tenants $121–$125 in Year 1 — below their $152 utility bill — and can increase the solar charge by up to 3% annually. You keep the full spread — there is no fee on the lease model.
Capital Flow — How Money Moves (46 homes · 50% battery · 35% EV)
| Per-home economics | Conservative ($121/mo) | Optimistic ($125/mo) |
|---|---|---|
| JEA (Jacksonville Electric Authority) avg bill | $152/month | $152/month |
| NOI capital lease cost | $86/month | $86/month |
| Center Creek charges tenant | $121/month | $125/month |
| Tenant savings vs utility | $31/mo · $372/yr | $27/mo · $324/yr |
| Gross monthly spread | $35/month | $39/month |
| Net to Center Creek / home | $35.00/month | $39.00/month |
| Community-wide (46 homes) | Conservative | Optimistic |
|---|---|---|
| Year 1 monthly | $1,610 | $1,794 |
| Year 1 annual | $19,320 | $21,528 |
| Year 5 annual (w/ 3% escalator) | $21,745 | $24,225 |
| Year 10 annual | $25,208 | $28,087 |
| 5-year cumulative | $102,573 | $114,295 |
| 10-year cumulative | $221,482 | $246,794 |
| 25-year cumulative | $704,393 | $784,895 |
Part B — Optional Add-ons: Battery storage & EV charging
During the installation planning phase, NOI and Center Creek communicate to the Duval Landing community that a new energy system is being installed. At that point, residents can opt in to receive battery storage and/or an EV charger — either alongside the solar installation or at any time afterward.
The economics are straightforward: CC pays NOI a fixed monthly lease for each unit of equipment, and charges tenants a higher monthly fee. The spread between what tenants pay and what CC pays NOI flows directly to Center Creek — at $0 upfront. Tenants get premium amenities at below-market rates; CC earns additional NOI on every opted-in home.
Per-unit economics — what CC pays vs. what it charges tenants
| Add-on | Equipment cost | CC pays NOI / mo | CC charges tenant / mo | Gross spread | Net to CC / unit / mo |
|---|---|---|---|---|---|
| 🔋 Battery (EcoFlow $7,000) | $0 upfront | $33.89 | $47.00 | $13.11 | $13.11 |
| ⚡ EV Charger (EcoFlow $2,500) | $0 upfront | $12.10 | $40.00 | $27.90 | $27.90 |
Part C — Combined revenue model: What CC pays vs. what it earns
This section shows what CC pays out to NOI (the lease costs) and what CC receives from tenants (the energy fees) — side by side. Three adoption scenarios are modelled: solar only (all 46 homes), plus 50% battery uptake, plus 35% EV uptake. All figures are Year 1 monthly, annualised below.
Combined monthly cash flow — CC pays to NOI vs. receives from tenants
Full uptake scenario — all 46 homes take all 3 phases
| Phase | Year 1 | Year 5 cumul. | Year 10 cumul. | Year 20 cumul. |
|---|---|---|---|---|
| Solar (46 homes) | $19,320 | $102,573 | $221,482 | $519,136 |
| Battery (23 homes · 50% uptake) | $3,618 | $19,210 | $41,480 | $97,227 |
| EV charging (16 homes · 35% uptake) | $5,357 | $28,441 | $61,412 | $143,945 |
| Total net to Center Creek | $28,295 | $150,224 | $324,374 | $760,308 |
Tenants don't just save money. They get a fundamentally better living experience: lower bills, backup power, clean energy, and an EV charger in their driveway. Here's exactly what each option looks like from a resident's perspective.
19 panels on the roof produce clean electricity. Tenant pays a fixed community energy fee — below their current JEA (Jacksonville Electric Authority) bill.
The EcoFlow Ocean Pro adds whole-home backup. When the grid goes down — and in Duval County it will — the lights stay on.
A Level 2 charger in the driveway. Charge overnight using solar energy — at a fraction of public charging costs.
Monthly bill summary — what tenant actually pays
| Scenario | Monthly total | vs. utility only | What tenant gains |
|---|---|---|---|
| No solar (today) | $152/mo | — | Nothing |
| Solar only | $121–$125/mo | $27–$31/mo saved | Lower bill, clean energy |
| Solar + Battery | $182–$187/mo | +$30–$35/mo | Backup power + whole-home protection + storm resilience |
| All in — Solar + Battery + EV | $222–$227/mo | +$70–$75/mo* | Lower bill + backup + at-home car charging (replaces $50–$80/mo public) |
* Tenants with EVs who previously used public charging typically break even or come out ahead net of charging savings.
Greatweek is NOI's separate, in-house billing platform (greatweek.com). Center Creek Capital Group can use Greatweek to manage the entire Duval Landing portfolio in one place. Energy billing, rent collection, tenant communication, collection reminders, payouts, and solar production monitoring are all integrated. CC is not required to use the platform, but it eliminates manual reconciliation and makes community management fully automated — especially given the platform is directly integrated with the EcoFlow inverters and battery systems.
Landlord dashboard — portfolio overview
Tenant management — invite, track, communicate
Tenant portal — what residents see when they log in
Buy-Out, Transfer & End-of-Lease Options
At any point after Year 5, CC can buy out the lease at fair market value and assume full ownership.
On sale, the 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, Center Creek Capital Group authorizes NOI to proceed with site survey, system design, capital lease structuring, and permitting for Duval Landing.
Offer valid through June 30, 2026 · Questions? noisun.com
