Turn your association’s energy into NOI.
Review common-area solar, storage and EV charging, with funding options suited to your budget and governing documents.
Why this segment fits
For condominium and homeowner associations across the Northeast. NOI arranges capital for qualifying projects and coordinates delivery and operation. Funding and equipment ownership are set in the project agreement; any assessment or required approvals depend on the association.
Common-area expense
Clubhouse, pool, lighting and gatehouse load lands on the association budget.
Funding choices
Third-party funding may avoid an assessment; board, member and lender approvals depend on the association and its governing documents.
Management portfolios
Management firms can roll one framework across many associations.
How a project is structured.
NOI coordinates design, funding, construction and operation of the on-site solar, battery and EV assets, working with licensed installers and engineers.
Who funds the project, who owns the equipment and how the benefit is shared depend on the structure chosen for that project — owner-funded, financed, or third-party funded — and are set in the project agreement after underwriting. Where a funding partner owns the system, the owner typically hosts it under an agreement and either buys energy on site or receives a payment. Tax credits, depreciation and state incentives are assessed per project against the owner’s own tax position; confirm treatment with your tax advisors.
- 01Start with utility bills and available site information.
- 02Screen tariff, load and funding options; confirm whether a deeper assessment fits.
- 03If viable, arrange site, structural and electrical reviews; timing depends on access and scope.
- 04Present a proposal with assumptions, ownership terms and any verified incentive or compliance eligibility.
- 05Agree contracts and pursue required owner, lender, permit and utility approvals.
- 06Schedule construction and commissioning once approvals and interconnection requirements are clear.
Four forces shaping the association decision
Regulatory pressures and rate structures reshaping the Northeast energy decision for this segment. Confirm current statute specifics with your tax and legal advisors.
Funding terms and governing documents determine any board or member vote and capital assessment.
Charging can be a shared amenity, with funding, ownership and maintenance agreed per project.
Framework agreements across a management firm's association portfolio.
NY-Sun, NJ SuSI, MA SMART 3.0 and CT programs may apply where a project qualifies.
Rates we work with
- ConEd SC-9 Rate III
- PSE&G BPL / GLP
- Eversource G3 / G4
- National Grid SC-2 / SC-3
- PSEG-LI 285 / 281
- JCP&L GS-Secondary
- United Illuminating GS-3
- PECO GS-Medium
Each has its own peak-hour, demand-charge and TOU structure. Our model reads your specific tariff.
HOA & Condo: NOI compared with an ESCO retrofit
| Dimension | Typical ESCO retrofit | An NOI project |
|---|---|---|
| Who funds it | Owner capital, a bond issue or ESCO-arranged debt, per the contract | Owner-funded, financed or third-party funded — chosen per project |
| Equipment ownership | Usually the owner once installed | The owner or a funding partner, as set in the project agreement |
| Tax credits and depreciation | Depends on the owner's tax position | Assessed per project; direct pay considered where a tax-exempt owner is eligible |
| Long-term O&M | Scoped inside the performance contract | Coordinated by NOI under the operating scope agreed |
| Scope | Often a bundled retrofit across building systems | The solar, storage and EV assets |
| Decision path | Procurement, board or bond process | A review first, then a project agreement |
| Savings treatment | Frequently framed as guaranteed savings | Modeled and stated with assumptions; no savings guarantee |
The fastest path is a modeled number on your specific building.
Send us the property details. You get a written initial review within 2 business days, with the assumptions stated.
You may also be looking for
Multifamily
Common-area energy costs
Learn more →Office & Mixed-Use
LL97 compliance and demand charges
Learn more →Not-for-Profit
Lower operating budget, reliable power
Learn more →How the energy adds to your NOI, in plain English: How owners earn · Check your building in 60 seconds
All figures on this page are directional. Every deal is modeled to your specific tariff, load and roof. Incentive claims reflect our understanding as of the page date and require confirmation with tax and legal advisors before signature.