Mount Laurel, NJ – Nessel Energy, a provider of sustainable energy solutions for real estate owners and developers across New Jersey, breaks ground on the installation of rooftop solar at 300 and 350 Fellowship Road in Mount Laurel. Owned and managed by its parent company, Nessel Development, the buildings will house 130 kW and 425 kW solar systems respectively and generate a combined 740,000 kWh in clean renewable energy annually. Decreased operating expenses for the property owner is only one of the benefits. New Jersey-based Nessel Energy will share its strong commitment to environmental, social, and governance (ESG) and help other businesses achieve their ESG goals. The project, which is currently under construction, is scheduled for completion by yearend.
“This is one of several new projects we have in the pipeline,” said Nessel Energy managing director, Thomas Loredo, a veteran of the commercial construction and renewable energy industries for more than 40 years. “We understand both markets and as such provide solutions that create value for all parties as solar energy is about more than cost efficiencies.”
Loredo notes that the Rooftop Revenue Program (RRP) enables owners to use the sustainable benefits of solar energy, transforming stranded and unused assets into revenue-producing real estate. He adds, “But it’s not only profitability, we are simultaneously helping people and other businesses contribute positively to creating a better future.”
Says Ari Nessel, Principal of Nessel Development, parent company of Nessel Energy, “What better way to show our own commitment to ESG goals than to install solar on rooftops at Fellowship Corporate Center. It is something we’ve had our sights on since acquiring the site nearly 18 months ago.” Speaking of the company’s overriding principals, he explains, “Our ESG efforts provide for maintaining strong environment standards, such as sustainable natural materials, renewable energy, water conservation and CO2 reduction. It is just one of the social issues we support through our non-profit initiatives.”
Nessel Development is a commercial real estate investment firm with over 20 years of real estate experience across commercial, multifamily, and industrial properties. The company’s portfolio value exceeds over a quarter billion dollars and 8 megawatts (MW) of solar under its belt. Moreover, Nessel firmly embraces corporate social responsibility and believes in sharing the financial success of its efforts with the community. It holds a strong commitment to environmental, social and governance (ESG) and shares its pledge with helping other business achieve their ESG goals. The firm, which is headquartered in Dallas, Texas, has a local office at 3000 Atrium Way in Mount Laurel, New Jersey. Visit nesselinc.com and mobius.life for more information.
Nessel Energy provides sustainable energy solutions for real estate owners and developers. The company division, which is part of Nessel Development, leverages over 20 years of real estate experience across commercial, multifamily, and industrial properties to provide unparalleled energy advising and services. Nessel also strives to donate over half of its adjusted gross income to deserving charities and causes each year. Visit nesselenergy.com for more information.
A combination of Federal and state-level incentives is creating a unique opportunity to earn high lease rates for solar on your property. Learn how Nessel Energy’s Rooftop Revenue Program℠ can benefit your organization.
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Nessel Energy provides sustainable energy solutions for real estate owners and developers through our unique Rooftop Revenue Program℠. We leverage over 20 years of real estate experience across commercial, multifamily, and industrial properties to provide unparalleled energy advising and services.
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