AUSTIN, TX., July 18, 2023 / K7 News / – K7 Capital Partners LLC (“K7”)
An Alternative Energy Solar Micro Power Grid in K7 multifamily real estate enables energy brokering by empowering property owners to act as intermediaries between the local utility and the residents, facilitating the exchange of surplus energy produced by the solar microgrid.
Here’s how it works:
- Solar Micro Power Grid Setup: The K7 multifamily real estate installs a solar micro power grid on its premises, incorporating solar panels and energy storage systems. This setup allows the property to generate renewable energy from the sun and store excess energy for later use.
- Smart Metering and Monitoring: Each residential unit within the multifamily complex is equipped with smart meters and energy monitoring systems. These smart meters measure the energy consumption of each unit and communicate the data to the central energy management system.
- Energy Production and Consumption Balance: As the solar micro power grid generates electricity, it first meets the energy demand of the multifamily property’s common areas and shared facilities. Any surplus energy produced beyond the property’s immediate needs is stored in the energy storage system.
- Energy Brokering with Residents: The property owner or management can offer residents the option to participate in an energy brokering program. Interested residents can subscribe to this program, becoming “prosumers” – consumers who also produce their energy through solar panels installed on their rooftops or balconies.
- Energy Credit System: The smart meters track the energy consumption of individual units, including any excess energy generated by the residents’ solar panels. When a prosumer generates more energy than they consume, the surplus energy is fed back into the solar microgrid, earning them energy credits.
- Virtual Net Metering: Energy credits earned by prosumers can be translated into financial benefits or applied as credits against their electricity bills. This concept is known as virtual net metering, allowing residents to offset their energy consumption costs using the energy credits from their solar generation.
- Community Engagement and Incentives: To encourage participation in the energy brokering program, property owners may offer incentives such as reduced energy rates for prosumers or community-based initiatives. Residents can actively engage in sustainable practices and benefit financially from their solar investments.
- Grid Interaction: In some cases, the solar micro power grid may be interconnected with the local utility grid. During periods when the solar microgrid is not producing enough energy, or in emergencies, residents can draw energy from the grid. Conversely, when the solar microgrid generates excess energy, it can supply the grid, earning revenue for the property.
Benefits for K7 Multifamily Real Estate:
- Financial Savings: By implementing energy brokering, property owners can reduce the overall energy consumption of the multifamily complex and potentially earn revenue from selling surplus energy back to the grid.
- Tenant Satisfaction: Offering residents the opportunity to participate in energy brokering empowers them to be environmentally responsible while potentially lowering their energy bills through virtual net metering.
- Sustainability and Green Image: Implementing an Alternative Energy Solar Micro Power Grid and energy brokering program demonstrates the property’s commitment to sustainability, attracting eco-conscious residents and boosting the property’s green image.
- Resilience and Energy Independence: The solar microgrid enhances the property’s energy resilience, reducing dependency on the local utility and providing backup power during grid outages.
By leveraging the Alternative Energy Solar Micro Power Grid and enabling energy brokering, K7 multifamily real estate embraces sustainable practices, promote community engagement, and create a win-win situation for both the property and its residents in the pursuit of cleaner and more efficient energy consumption.
About K7 Capital Partners
K7 Capital Partners is a leading multifamily real estate alternative investment firm dedicated to delivering exceptional growth and value, creating sustainable wealth for our investors.
We are a high growth alternative investment firm dedicated to generating outsized returns to our investors. With a focus on high-growth opportunities, we strive to create long-term value through strategic investments in the multifamily real estate sector.
With a visionary approach to ground-up multifamily real estate, We drive positive change and set new standards for sustainable modern living. With an unwavering commitment to sustainability, innovation, community engagement, financial prosperity, and environmental consciousness, we elevate the standard of multifamily living through cutting-edge design and thoughtful development practices.
With a proven track record and a forward-thinking approach, we specialize in identifying lucrative investment opportunities in the thriving multifamily real estate market. Our team of experts combines extensive industry knowledge with innovative strategies to generate attractive returns while minimizing risks.