NOI.
Kipling Meadows Solar Program
Center Creek Capital · Confidential
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NOI.
Commercial Partnership Offer · Confidential · May 2026

Kipling Meadows
Solar Program

Prepared for Center Creek Capital · Foley, Alabama · 118 single-family homes
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centercreekcapital.com
Baldwin County, AL
us.ecoflow.com
$40,625+
Year 1 NOI uplift
$0
Capital required
$108K+
All phases / year
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01 Executive Summary ⌄
The opportunity in one line
Center Creek Capital earns $40,625+ per year in new NOI with zero dollars invested — by charging tenants 20% less than their current Riviera Utilities bill. NOI handles everything: financing, installation, tenant billing, and ongoing operations.
875 kW
Total solar capacity
Across 118 rooftops
1.1M
kWh produced / year
5.1 peak sun hrs/day
430 MT
CO² offset / year
≈ 17,200 trees
$109
NOI lease cost / home
13.70¢/kWh effective
$174
Riviera Utilities avg bill
14.5¢/kWh · 1,750 sq ft home
$139
CC charges tenant
20% below utility — easy sell
★ ROI Spotlight — Before & After NOI ⌄

Here is the exact picture for a typical Kipling Meadows home — before and after the NOI solar program. The math is simple, the upside is real.

🔴 Before NOI
Status quo — utility grid only
Utility provider
Riviera Utilities (Foley)
Blended rate
14.5¢/kWh
Avg home (1,750 sq ft)
~1,100 kWh/month
Avg monthly bill
$174/month
Landlord energy revenue
$0
🟢 After NOI
Solar on every rooftop
System size
7.5 kW/home · 9,548 kWh/yr
NOI gross cost/watt
$2.75/W → $1.65/W net (40% ITC)
Landlord lease payment
$109/month (13.70¢/kWh)
Tenant charged (−20%)
$139.20/month — they save $34.80
Net to landlord / home
$28.69/month
Per-tenant math — 20% bill reduction model
Riviera bill today
$174
tenant pays utility
NOI charge to tenant
$139
−20% · easy yes
Landlord pays NOI
$109
13.70¢/kWh effective
Net / home / month
$28.69
after 5% NOI fee
Community annual NOI uplift — 118 homes
$40,625 / year
Property value add @ 6% cap rate
+$677,083
02 About NOI ⌄

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.

Capital-lease financing
NOI sources and structures the lease at 8.99% through institutional partners. No debt on Center Creek’s balance sheet.
Full installation
Licensed, bonded crews handle design, permitting, installation, commissioning, and all HOA coordination.
Tenant billing
Residents pay a flat solar fee below their utility bill. NOI invoices, collects, and remits revenue monthly.
Ongoing operations
24/7 production monitoring, maintenance dispatch, warranty management, and annual performance reporting.
NOI also offers rent collection
Consolidate rent, solar, battery, and EV billing on one platform — one statement to residents, one dashboard for your team.
03 Community Overview — Kipling Meadows ⌄
Location
Foley, AL (Baldwin County)
Total homes
118 single-family units
Total sq ft
209,662 sq ft
Site acreage
∼27 acres (est.)
Utility provider
Riviera Utilities (Foley)
Avg utility bill
∼$174/month · 14.5¢/kWh
Streets
Jutland, Leander, Mandalay
Unit mix
38 @ 1,641 sq ft
74 @ 1,787 sq ft
6 @ 2,511 sq ft
5.1 hrs
peak sun / day · Gulf Coast AL
Top 25% nationally
30.4061°N, 87.7081°W · Foley, Alabama
Predominantly south-facing rooflines · minimal shading · prime solar geography
04 Rooftop Solar Analysis — Sample Addresses ⌄

Solar potential modeled using Foley, AL field data — 1,273 kWh/kW/year production factor, consistent with the capital lease model.

AddressSq ftSystemAnnual outputUtility offsetRoof rating
17697 Jutland Ave1,6417.0 kW8,911 kWh$97/mo★★★★★
7930 Mandalay Circle2,5119.0 kW11,457 kWh$124/mo★★★★★
17627 Leander Ave2,5119.0 kW11,457 kWh$124/mo★★★★☆
5.1 hrs
Peak sun / day
1,862
kWh/m²/yr irradiance
218
Sunshine days / year
05 Financial Model — NOI Uplift ⌄
How the economics work — real Foley, AL numbers
Riviera Utilities charges tenants ~$174/month (14.5¢/kWh). Center Creek pays NOI $109/month (13.70¢/kWh — actually cheaper per kWh than the grid). You charge tenants $139 — 20% below utility. Everyone wins: tenants save, you earn, $0 out of pocket.
Per-home economicsConservative ($135/mo)Recommended — 20% off ($139.20/mo)Optimistic ($145/mo)
Riviera Utilities avg bill$174/month$174/month$174/month
NOI effective rate13.70¢/kWh13.70¢/kWh13.70¢/kWh
NOI capital lease cost$109/month$109/month$109/month
Center Creek charges tenant$135/month$139.20/month$145/month
Tenant savings vs utility$39/mo · $468/yr$34.80/mo · $417.60/yr$29/mo · $348/yr
Gross monthly spread$26.00/month$30.20/month$36.00/month
Less NOI fee (5% of spread)−$1.30/month−$1.51/month−$1.80/month
Net to Center Creek / home$24.70/month$28.69/month$34.20/month
Community-wide (118 homes)ConservativeRecommended (20% off)Optimistic
Monthly$2,914$3,385$4,036
Year 1 annual$34,975$40,625$48,427
5-year cumulative$174,875$203,125$242,135
10-year cumulative$349,750$406,250$484,270
20-year cumulative$699,500$812,500$968,540
Property value added at 6% cap rate — solar Phase 1 (20% model)
+$677,083
Based on $40,625 annual NOI ÷ 6% cap rate · Phase 1 solar only
06 Phase 2 — Battery Storage (EcoFlow) ⌄
EcoFlow DELTA Pro Ultra
  • 6–22 kWh usable storage
  • Whole-home backup capability
  • Pairs seamlessly with rooftop solar
  • App-controlled · 10-yr warranty
  • ∼$4,500/unit financed by NOI
Revenue impact
$47,082
Annual uplift after 5% fee
118 units × $35/month add-on

Critical in hurricane-prone Gulf Coast Alabama — backup power is a premium amenity.
07 Phase 3 — EV Charging (EcoFlow Smart Charger) ⌄
EcoFlow Level 2 EV Charger
  • 240V · up to 11.5 kW output
  • Charges most EVs overnight
  • Integrated with solar + battery
  • App-scheduled off-peak charging
  • ∼$600/unit financed by NOI
Revenue impact
$20,178
Annual uplift after 5% fee
59 units (50% penetration) × $30/mo

Tenants charge their EV for free, powered by their own solar panels.
08 Combined Revenue — All 3 Phases ⌄
Revenue streamYear 1Year 5Year 10Year 20
Phase 1 solar — conservative ($135/mo)$34,975$174,875$349,750$699,500
Phase 1 solar — recommended 20% off ($139/mo)$40,625$203,125$406,250$812,500
+ Phase 2 battery (EcoFlow DELTA Pro Ultra)$47,082$235,410$470,820$941,640
+ Phase 3 EV charging (EcoFlow L2)$20,178$100,890$201,780$403,560
Total — all 3 phases (recommended)$107,885$539,425$1,078,850$2,157,700
10-year total · all phases
$1,078,850+
Asset value added @ 6% cap rate
+$1.8M
09 Implementation Timeline ⌄
Week 1–2
Agreement
Partnership agreement executed. Capital lease term sheet issued. NOI team mobilizes.
Week 3–4
Design
Drone aerial and site survey of all 118 rooftops. Structural and shading analysis per unit.
Week 5–6
Permits
Building permits filed for all 118 homes. Utility interconnection submitted to Riviera Utilities.
Week 7–8
Tenant prep
NOI drafts tenant notification letters and solar addendum. Center Creek reviews and distributes.
Month 3–4
Equipment
Panels, inverters, and racking ordered and delivered to Foley staging area.
Month 4–6
Installation wave 1
∼60 homes on Jutland Ave and Mandalay Circle installed and commissioned.
Month 6–8
Installation wave 2
∼58 remaining homes on Leander Ave and Mandalay. Full grid interconnection.
Month 8–9
Billing launch
All 118 systems live. Tenant billing begins. First revenue remittance to Center Creek Capital.
Ongoing
Operations
Monthly monitoring, maintenance, billing, and revenue distributions indefinitely.
10 Key Terms & Signature ⌄
Program scope
118 homes, Kipling Meadows, Foley AL
Capital required
$0 — zero out-of-pocket
Lease rate
8.99% — sourced by NOI
Gross system cost
$2.75/watt ($19,250–$24,750/home)
Lease term
20 years from installation
NOI monthly cost to CC
$109/home/month (blended)
Tenant charge (recommended)
$139.20/month — 20% below $174 utility
NOI service fee
5% of monthly spread
Revenue remittance
Monthly, within 5 business days
Exclusivity window
90 days from signing
Offer valid until
June 30, 2026

By executing below, Center Creek Capital authorizes NOI to proceed with site survey, system design, capital lease structuring, and permitting for Kipling Meadows.

NOI — Authorized Representative
Signature
Printed name & title
Date
NOI Energy Services
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Center Creek Capital — Authorized Representative
Signature
Printed name & title
Date
Center Creek Capital
centercreekcapital.com
Offer valid through June 30, 2026 · Questions? Contact your NOI representative at joinnoi.com