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DIAMOND ENVIRONMENTAL SERVICES
January 24, 2022

NEW WAVE LENDING GROUP COMMERCIAL SOLAR

Project Location:
City of Industry, CA

Description:
Carports / Solar Canopy

System Capacity:
145 kW

System Size:
363 Solar PV Modules

Solar Panel:
400 W Monocrystalline

Lifetime Energy Generated:
$1.8 Million

Est. Power Savings (after):
70% Energy Offset

Project Description

New Wave Lending Group Commercial Solar

Located in City of Industry, New Wave Lending Group works to create innovative financial solutions, building powerful partnerships through outside-the-box thinking and modern technology like their new commercial solar system.

New Wave wanted to take control of their rising electricity costs and show their commitment to sustainability by using commercial solar, so they tasked Revel Energy to design a custom energy solution for their facility. The solar carports have their own benefits in addition to generating energy for the facility, providing shade for employees and customers to park under.

Taking advantage of multiple benefits and programs like the Solar Investment Tax Credit (ITC) and Net Energy Metering (NEM), this new system offsets 70% of their electricity use by earning credits for overproduction during the day that pays for use at night when the system isn’t producing.

More California businesses, like this one, are realizing the benefits of commercial solar. In 2022, California was briefly powered by 100% clean energy for the first time, two-thirds of that demand was supplied by solar.

New Wave Lending Group further shows their commitment to sustainability with this bold decision to look forward toward a better future for their business with reduced energy costs and a smaller carbon footprint – thanks to commercial solar.

New Wave Lending Group Case Study PDF

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TURNKEY COMMERCIAL GRADE SOLAR, ENERGY STORAGE, LED LIGHTING AND MORE.

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CUSTOM TAILORED PLANNING

CONSTRUCTION & INSTALLATION

CSLB #1038433

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-CSLB #1038433

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