**PearlX to Invest $3 Million in Solar and Battery Systems at Greystar’s Sand Canyon Community**
PearlX, a leading energy infrastructure and capital partner for multifamily developments, has announced a $3 million investment in a solar power and battery system for Sand Canyon, a new apartment community under development by Greystar in Santa Clarita. The property will feature 323 units and 582 bedrooms.
The energy system will be installed and maintained through a triple-net lease structure. PearlX will oversee the installation, upkeep, and long-term maintenance of the solar and battery infrastructure. The project’s engineering, procurement, and construction will be handled in partnership with Cal Solar Inc.
“Now more than ever, developers are looking for ways to increase returns and lower project costs in an environment where interest rates, land costs, and construction timelines have squeezed margins,” said Phillip Forrester, Senior Director of Sales at PearlX. “We are excited to be working with Sand Canyon on a solar roof lease program that helps to mitigate these macro trends while also providing a cutting-edge amenity to the community’s residents.”
This initiative reflects a continued push towards sustainable infrastructure and clean energy solutions within the multifamily housing sector.
