Find Local Storage

 
Self-Storage REIT Extra Space participates in New Jersey Community Solar Program
The Extra Space installations will comprise a 6.5-megawatt portfolio covering 800,000 square feet of rooftop space 

August 4, 2022: Extra Space Storage Inc., a self-storage real estate investment trust (REIT) and management company, has partnered with Solar Landscape to put rooftop solar panels on 10 of its New Jersey locations. The projects are part of the state’s Community Solar Energy Pilot Program, which allows residents of low- to moderate-income households to subscribe to nearby solar installations for energy use.

The Extra Space installations will comprise a 6.5-megawatt portfolio covering 800,000 square feet of rooftop space. Together, they’ll power more than 1,400 homes across seven counties, serving residents in Egg Harbor, Hazlet, Ho-Ho-Kus, Iselin, Jersey City, Lawrence, Neptune, Old Bridge, Parlin and Toms River. Solar Landscape recently completed the project at 2990 State Route 66 in Neptune, which will generate approximately 500 kilowatts of energy.

“We are thrilled to be involved in this community solar project. At Extra Space Storage, we have been equipping our locations with solar for over a decade, and this new effort to bring solar power to the local community is an exciting development,” said McKall Morris, senior manager of communications and sustainability for Extra Space. “Partnering with Solar Landscape on this project aligns perfectly with our commitments to be good corporate citizens and to participate in environmental initiatives that are positive for our communities, customers, employees and shareholders.”

“Community Solar is a vital part of Gov. Phil Murphy’s clean-energy initiative, which is aimed at reaching 100% clean energy by 2050,” said Joseph L. Fiordaliso, president of the New Jersey Board of Public Utilities (NJBPU), which has approved 46 projects for this year. “We are particularly excited that projects such as this enable us to provide access to solar energy for residents who have been unable to access solar energy because of barriers like cost or where they live.”

In all, Solar Landscape has 54 approved community-solar projects underway. Once complete, they’ll power more than 11,000 homes and save New Jersey residents more than $20 million on their energy bills, according to the release.

“Thanks to Gov. Murphy, the NJBPU, community leaders across the state and our installers, New Jersey has become a national model for clean-energy equity,” said Shaun Keegan, CEO of Solar Landscape. “The promise of community solar in New Jersey has arrived, and it’s bringing guaranteed savings to residents at a time when many other costs are increasing. We’re proud to be partnering with Extra Space Storage on this project, which connects business leaders with the local community and saves residents money.”
Based in Asbury Park, New Jersey, Solar Landscape is a full-service solar-power company. It develops, designs, and installs solar solutions for the commercial, industrial, municipal, nonprofit, and public-school sectors.

Headquartered in Salt Lake City, Extra Space owns or operates more than 2,130 self-storage properties nationwide and in Puerto Rico. The company’s properties comprise approximately 1.5 million units and 164.2 million square feet of rentable space.

Source: https://www.insideselfstorage.com/reits/self-storage-reit-extra-space-participates-new-jersey-community-solar-program