Kipling Meadows
Energy Program
Prepared for Center Creek Capital Group · Foley, Alabama · 118 single-family homes
Prepared for Center Creek Capital Group · Foley, Alabama · 118 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.
Tax Stack — MACRS + 179 Depreciation · What Happens After 18 Months
After applying $512,224 MACRS savings to reduce the loan, CC's net spread per home increases from ~$31 to ~$70/month — without changing tenant pricing.
Assumes 21% corporate tax rate and 100% Bonus Depreciation. Consult your accountant — NOI is not a tax advisory service.
Center Creek Capital Group can generate $66,197+ in new annual NOI through a solar, battery storage, and EV charging program with zero upfront investment and zero operational risk. NOI Energy provides the complete solution — system design, installation, ongoing maintenance, energy billing, and the capital required to fund the project. No capital outlay is required from CC.
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 Alabama Power 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.
Why CC ownership matters. Unlike traditional third-party lease structures where the installer retains the assets, Center Creek Capital Group retains full ownership of the energy equipment. This is a critical differentiator: it allows CC to capture available Investment Tax Credits (ITCs), creating an estimated $860,880–$1,434,800 in additional value that would otherwise flow entirely to the solar provider.
Why the economics work from day one. The financing cost of the energy system is structurally lower than the revenue generated from resident energy payments. The spread between what CC pays NOI and what tenants pay CC is positive from the first billing cycle — meaning the program generates cash immediately, with no ramp-up period.
Why the economics improve every year. Tenant energy charges can increase by up to 3% annually, while CC's financing costs remain fixed for the full 25-year term. This gap compounds over time: what starts as ~$29–$34 net per home per month in Year 1 grows steadily, driving meaningful NOI expansion and asset value appreciation throughout the lease period.
The result is a significant increase in NOI, higher property value, improved tenant satisfaction, enhanced energy resilience, and stronger ESG performance. Center Creek carries the equipment loan to NOI; after a short early period the project turns net positive and compounds, while the energy upgrade lifts the underlying asset value for any future sale or refinance. NOI handles design, installation and ongoing operations end-to-end.
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
Streets: Jutland, Leander, Mandalay — predominantly south-facing rooflines with minimal shading. Prime solar geography. 30.4061°N, 87.7081°W
Unit mix: 38 @ 1,641 sq ft · 74 @ 1,787 sq ft · 6 @ 2,511 sq ft · 1,862 kWh/m²/yr irradiance · 218 sunshine days/year
Rooftop Solar Analysis — Sample Addresses
Every home receives a single-face 7.98 kW system (19 × SEG Solar 420W panels). Only south, south-southwest, or west-facing roof planes qualify. Output modeled using OpenSolar with Nearmap imagery.
| Address | Face | Output / yr | Offset |
|---|---|---|---|
| 7665 Mandalay Cir | South 179° | 12,274 kWh | $133/mo |
| 17697 Jutland Ave | West 269° | 10,168 kWh | $110/mo |
| Orientation | Est. output | vs. South |
|---|---|---|
| True South | 12,274 kWh | Best |
| South-Southwest | 11,400–11,900 kWh | −3% to −7% |
| West | 10,168 kWh | −17% |
Energy system — what residents see
Battery storage unit and Level 2 EV charger installed side-by-side in the garage — a compact, clean install that adds real value at the unit level.
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 $107/home/month (fixed, 25yr @ 8.99%). You charge tenants $135–$140 in Year 1 — below their $150 utility bill — and can increase the solar charge by up to 3% annually. You keep the spread, less NOI's 5% service fee.
Capital Flow — How Money Moves (118 homes · full battery + 50% EV)
| Per-home economics | Conservative ($135/mo) | Optimistic ($140/mo) |
|---|---|---|
| Alabama Power avg bill | $150/month | $150/month |
| NOI capital lease cost | $107/month | $107/month |
| Center Creek charges tenant | $135/month | $140/month |
| Tenant savings vs utility | $15/mo · $180/yr | $10/mo · $120/yr |
| Gross monthly spread | $31/month | $36/month |
| Less NOI fee (5% of spread) | −$1.55/month | −$1.80/month |
| Net to Center Creek / home | $29.45/month | $34.20/month |
| Community-wide (118 homes) | Conservative | Optimistic |
|---|---|---|
| Year 1 monthly | $3,475 | $4,036 |
| Year 1 annual | $41,701 | $48,427 |
| Year 5 annual (w/ 3% escalator) | $64,494 | $72,064 |
| Year 10 annual | $97,049 | $105,825 |
| 5-year cumulative | $264,646 | $300,355 |
| 10-year cumulative | $682,855 | $759,961 |
| 25-year cumulative | $2,470,011 | $2,713,415 |
Part B — Optional Add-ons: Battery storage & EV charging
During the installation planning phase, NOI and Center Creek communicate to the Kipling Meadows 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, across all three energy streams. All figures are Year 1 monthly, annualised below. No platform fee applies under the lease model — NOI's margin is built into the lease rate.
Combined monthly cash flow — CC pays to NOI vs. receives from tenants
Full uptake scenario — all 118 homes take all 3 phases
| Phase | Year 1 | Year 5 cumul. | Year 10 cumul. | Year 20 cumul. |
|---|---|---|---|---|
| Solar (118 homes) | $43,188 | $229,289 | $495,102 | $1,160,477 |
| Battery (59 homes · 50% uptake) | $9,282 | $49,279 | $106,410 | $249,452 |
| EV charging (41 homes · 35% uptake) | $13,727 | $72,884 | $157,376 | $368,877 |
| Total net to Center Creek | $66,197 | $351,452 | $758,888 | $1,778,806 |
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 Alabama Power bill.
The EcoFlow Ocean Pro adds whole-home backup. When the grid goes down — and in Baldwin 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) | $150/mo | — | Nothing |
| Solar only | $137.50/mo | −$10–$15/mo saved | Lower bill, clean energy |
| Solar + Battery | $182–$187/mo | +$30–$35/mo | Backup power + whole-home storage + 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 Kipling Meadows community 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 Kipling Meadows.
ITC deadline: July 4, 2026 · Offer valid through June 30, 2026 · Questions? joinnoi.com
