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New York & Tri-State  + Fairfield/Westchester  + Office  | 
Empire State Realty Trust in Major New Solar Project at Harrison, NY Property.

Empire State Realty Trust in Major New Solar Project at Harrison, NY Property

Empire State Realty Trust (ESRT) has announced plans for a community solar project at its 287,351-square- foot office property at 500 Mamaroneck Avenue in Harrison, N.Y. 

The property improvement will serve as a new revenue source, contracted for the next 25 years, with approximately forty percent of the monetary credits generated by the project allocated towards the ongoing cost to power the Westchester office building. The rest of the credits will be available to local residents to share in the solar project’s benefits, which include electricity cost savings. 

To be completed at no cost to ESRT, the project will feature a new parking canopy solar array that will provide year-round elemental shelter for roughly 500 vehicles, an 8.2-MWh battery storage system, and approximately 80 electrical vehicle (EV) charging stations for tenant convenience.


Inside The Story

Empire State Realty Trust

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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