Environmental Sustainability
At ORLO, we are committed to a sustainable future by transforming our apartment buildings into beacons of eco-friendly living. Central to our green initiatives is the integration of solar power systems, which not only reduce our carbon footprint but also offer long-term energy savings for our residents.
Our commitment.
At ORLO, our commitment to sustainability is rooted in our core values, which guide us in creating environmentally conscious communities. By integrating solar energy systems into our properties, we not only champion renewable resources but also ensure a brighter and greener future for our residents.
Communimty Impact
Our solar initiatives exemplify our dedication to the well-being of the communities we serve. By promoting green energy, we inspire residents and neighboring properties to adopt eco-friendly practices, fostering a collective effort towards environmental sustainability.
Energy Efficiency
Solar panels convert sunlight into electricity efficiently, providing a reliable and sustainable energy source. This reduces our reliance on non-renewable energy and contributes to overall energy conservation efforts.
Cost Savings
Utilizing solar energy helps lower utility costs for both ORLO and our residents. The savings generated from solar power reduce operational expenses, ultimately making sustainable living more affordable.
Environmental Stewardship
We believe in taking proactive steps to reduce our carbon footprint. Solar power allows us to harness clean, renewable energy, significantly cutting down on greenhouse gas emissions and mitigating climate change.
PROJECT SPOTLIGHT
Seneca Village Apartments
Overview
Governor Wes Moore announced ORLO's Seneca Village Apartments as the largest rooftop solar project on an affordable multifamily property ever undertaken in Montgomery county. This $11.4 million dollar effort will bring energy savings of 2.5 million kilowatts and offset of 2,000 metric tons of greenhouse gas annually.
Property Type
Affordable Multi-family Apartments; 58 Buildings / 684 Units
Upgrade Summary
2.18 MW roof-mounted solar PV system with energy-conserving roof replacements. Approximately $300,000 in annual energy savings.
Enhancing ROI for Investors
At ORLO, our sustainability initiatives, including the integration of solar energy across our properties, are designed not only to benefit the environment but also to generate significant returns for our investors. By prioritizing green practices, we ensure long-term value and stability.
Reduced Operating Costs
Solar energy significantly lowers electricity expenses, decreasing overall operational costs. This reduction in overhead directly improves the profitability of our properties, enhancing financial returns.
Increased Asset Values
Sustainable buildings with modern energy solutions like solar panels are highly attractive to eco-conscious tenants and buyers. This increased demand leads to higher property valuations and stronger market competitiveness.
Tax Incentives
Investing in solar energy and other sustainable practices often qualifies for various government incentives, tax credits, and rebates. These financial benefits can substantially offset initial investment costs, yielding high returns over time.
Long-term Asset Stability
Properties with sustainable features typically experience lower vacancy rates and higher tenant retention due to their appeal and cost-saving benefits. This stability ensures consistent rental income and long-term asset appreciation, securing steady returns for investors.
Corporate Office
711 Gorman Ave
Laurel, MD 20707
Monday - Friday
9am - 5pm