Center Creek Capital Group
Portfolio Energy Program
Solar + battery as standard on every home across four build-to-rent communities — 468 homes — with optional EV charging. Center Creek Capital Group owns the systems, claims the tax credits, and earns the spread at utility-parity tenant pricing. Zero capital required. Figures below at the 40% ITC (30% federal + 10% domestic-content bonus).
Explore each community — site analysis & financials
Battery is standard (bundled with solar on every home, ~$26,000/home), not a paid add-on. Tenant pricing is set at utility parity by community; confirm both unit-level pricing and the two Alabama Power/Riviera Utilities charge assumptions against real tenant bills before finalizing. EV charging remains optional (35% uptake modeled). Figures use the 40% ITC (30% federal base + 10% domestic-content bonus for U.S.-manufactured equipment meeting FEOC sourcing); the 30% base is the conservative floor if that bonus is not secured. The full program — how it works, about NOI, equipment, tenant experience, platform, timeline and terms — is in the sections below. Construction must begin by July 4, 2026 to lock the current ITC under the One Big Beautiful Bill Act.
Center Creek Capital Group's wider footprint also includes Mosaic Square (Bentonville, AR — 60 for-sale townhomes) and a Richmond, VA infill homebuilding program (~90 owner-occupied homes); both are for-sale product with no landlord/tenant relationship, so they sit outside this rental-energy program and are not included in the totals above.
How it works — in plain English
Across all four communities — 468 homes — Center Creek Capital Group buys a complete solar-plus-battery system (rooftop solar plus a wall-mounted EcoFlow battery, one per home) and pays for it over 25 years, like a mortgage on the equipment. Because Center Creek owns it, the federal government returns large tax credits — 40% ITC (30% federal base + 10% domestic-content bonus) — which Center Creek applies to the loan to cut the real monthly cost. Tenants pay about what they pay the utility today, for clean power, whole-home battery backup, and a locked rate. Center Creek keeps the spread. The transaction is structured as a capital lease — Center Creek 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 — 468 homes, solar + battery standard, 40% ITC
The money Center Creek gets back — Year 1 (40% ITC)
Base case shown at the 40% ITC (30% federal base + 10% domestic-content bonus for U.S.-manufactured equipment meeting FEOC sourcing). Systems financed at 8.99% over 25 years on the full $12,578,000 cost; ITC and MACRS (21% corporate tax, 100% bonus) are returned ~18 months after install and applied to reduce the loans. If the domestic-content bonus isn't secured, the 30% base ITC ($3,773,400) applies and the all-in cost rises to ~$122/home. 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.
Center Creek Capital Group can generate $359,652+ in new annual NOI across four build-to-rent communities through a solar-plus-battery program — standard on every home — with optional EV charging, zero upfront investment and zero operational risk. Center Creek owns the systems (financed by NOI over 25 years), and at the 40% ITC the federal credits bring the real running cost to roughly $100/home/month. Tenants pay about what they already pay the utility, but get clean power, whole-home battery backup and a locked rate; Center Creek keeps the difference. Over 25 years the program creates ~$19.11M in value — $13.11M cumulative NOI plus $5.99M of asset appreciation. 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 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. Solar and a wall-mounted battery are installed as standard on every home. The base 30% ITC is increased by a 10% domestic-content bonus for U.S.-manufactured equipment that meets FEOC sourcing — this proposal models the resulting 40% base case.
☀️ 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 (standard on every home)
⚡ EV Charger — EcoFlow Level 2 Smart Charger
What tenants get — across every community
Every home gets solar and a wall-mounted battery as standard. Tenants pay about what they pay the local utility today — but now for clean power, whole-home backup during outages, and a rate locked under the community's control. EV charging is available as an option.
Rooftop solar plus a wall-mounted EcoFlow Ocean Pro battery, installed on every home. The tenant pays a fixed community fee at about their current utility bill, but gets whole-home backup and a locked rate.
A Level 2 charger in the home's garage, charging overnight from rooftop solar — at a fraction of public charging costs. The one optional upgrade.
A real tenant bill — Highline at Knoxville (KUB)
Below is an actual KUB electric bill from the Highline community (3851 Fripp Place Way · 1,300 kWh used in the month). Today the tenant pays KUB a fixed basic-service charge plus a usage charge. With rooftop solar + battery, the home produces most or all of its own power — so the usage charge is replaced by a single solar charge to the community, while the tenant keeps full grid access for backup.
Water, wastewater and every other line on the bill are unchanged — only the electricity supply changes. The tenant pays the community for solar instead of paying KUB for usage, and keeps KUB’s small fixed connection fee.
Exact figures per community appear in each community's Financial Model. Tenants pay roughly their existing utility bill for a materially better product.
The home stays connected to the local utility. The tenant keeps full backup access to the grid and pays the utility's small fixed connection fee. Because the rooftop solar and battery produce most of the home's electricity, the tenant 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 home pulls from the grid automatically, exactly as before.
NOI’s all-in cost to Center Creek is ~$100/home/month. You set the tenant’s solar rate — anything above ~$100 is your margin. The financial model uses blended at-parity charges of $155 (Highline), $150 (Kipling Meadows), $155 (Birmingham) and $152 (Duval Landing); the actual rate is yours to set against each community’s real tenant bills.
Greatweek is NOI's separate, in-house billing platform (greatweek.com). Center Creek Capital Group can use Greatweek to manage the entire portfolio in one place. Energy billing, rent collection, tenant communication, collection reminders, payouts, and solar production monitoring are all integrated. Center Creek 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
Credit / debit card — instant, 2.9% + $0.30 fee
ACH bank transfer — 1–3 days, lower fee
Installments — split monthly bill into smaller payments
Processing fees are passed to the tenant at checkout and do not affect Center Creek's NOI.
However, the Greatweek platform is directly integrated with the EcoFlow inverters and battery systems, providing automated billing based on actual production data, real-time monitoring, and a unified experience for tenants — making community management significantly simpler and fully automated.
- Program scope
- 468 homes across 4 communities (Highline at Knoxville, Kipling Meadows, Birmingham Portfolio, Duval Landing)
- Ownership
- Center Creek 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 + wall-mounted battery on every home ($26,000/home); EV optional
- Tenant pricing
- Utility parity ($150–$155/mo by community); up to 3% annual escalator
- NOI all-in cost to Center Creek
- ~$100/home/month at 40% ITC (~$122 at 30% floor)
- Platform / service fee
- 5% of billed amount if using Greatweek; $0 if Center Creek self-bills
- Combined annual NOI
- $359,652 (40% ITC base case) · asset lift +$5.99M @ 6% cap · ~$19.11M 25-yr value
- ITC
- $5,031,200 (40% with domestic-content bonus) · $3,773,400 at 30% base floor
- ITC construction deadline
- July 4, 2026 (One Big Beautiful Bill Act)
- Exclusivity window
- 90 days from signing
- Offer valid until
- November 30, 2026
Per-community schedule (40% ITC base case)
| Community | Homes | Utility | Tenant charge | System cost | ITC (40%) | Annual NOI |
|---|---|---|---|---|---|---|
| Highline at Knoxville | 261 | KUB | $155/mo | $7,013,500 | $2,805,400 | $205,020 |
| Kipling Meadows | 118 | Riviera Utilities | $150/mo | $3,170,500 | $1,268,200 | $85,560 |
| Birmingham Portfolio | 56 | Alabama Power | $155/mo | $1,506,000 | $602,400 | $44,160 |
| Duval Landing | 33 | JEA | $152/mo | $888,000 | $355,200 | $24,912 |
| Portfolio total | 468 | — | parity | $12,578,000 | $5,031,200 | $359,652 |
Buy-Out, Transfer & End-of-Lease Options
At any point after Year 5, Center Creek 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, Center Creek Capital Group authorizes NOI to proceed with site survey, system design, capital-lease structuring, and permitting across the four communities.
Offer valid through November 30, 2026 · Questions? noisun.com