Leveraging Energy Solutions to Optimize Your Portfolio's Value and Performance
Founded in 2014 to serve the SFR industry, Elevation provides:
Ancillary Revenue for SFR Companies
Savings on Electric Bills for Residents
Data to Optimize Operations
Sustainability and PR Wins
Elevation’s proprietary Curb device is an energy meter that monitors how energy is consumed throughout the home and at the major appliance level. The Curb platform provides operators with a dashboard to gain valuable insights into how each home is performing.
Elevation has deployed Solar+ Curb on the portfolios of 3 of the 6 largest SFR Operators. Sample of current projects in process is as follows:
Project (Purchase) Nevada Build to Rent Community Solar + Curb
14%
Un levered Internal Rate of Return ORR)*
14%
Average Annual% Resident Savings
390
Metric Tons of CO2 Emissions Mitigated
43,864
Equivalent Gallons of Automobile Gas Not Consumed
Project (Purchase) Arizona Retrofit on Existing Portfolio Solar + Curb
13.3%
Un levered Internal Rate of Return ORR)*
6%
Average Annual% Resident Savings
75
Metric Tons of CO2 Emissions Mitigated
8,430
Equivalent Gallons of Automobile Gas Not Consumed
* IRR does not include depreciation/bonus depreciation and assumes 27% out of possible 30% tax credit. Assumes 3% annual increase in electricity costs.
Additional Curb Benefits
- Major Appliance Analytics (Remote Health Diagnostics) Proactively detected HVAC issues in 17% of homes.
- Occupancy / Squatter Detection