120 COLORADO AVE
SANTA MONICA, CA
120 Colorado Ave is The Pierside Hotel, a ~64,780 sq ft full-service hotel with 132 guest rooms and suites steps from the Santa Monica Pier. The property operates 24/7 with continuous HVAC, pool, valet, and food & beverage loads typical of coastal hospitality.
Projected savings.
Year 1
$105,600
Lifetime (~30 yr)
$7,874,000
By the numbers.
1.0
Years to payback
$18.7M
Total benefits (lifetime)
$10.8M
Property value gain
$323,149
Tax incentives captured
Levelized cost of electricity
Like most SANTA MONICA businesses, the site was paying high Peak rates and large Demand charges — the kind of bill structure that punishes daytime energy use and penalizes the very hours commercial properties consume the most power. The result was a Levelized Cost Of Energy (LCOE) of $1.16/kWh from PG&E, reduced to $0.02/kWh from SolarPorts.
SolarPorts evaluated their interval power usage (every 15 minutes) and proposed a right-sized 113 kW solar system for on-site generation delivered as 2 SolarPort carport structures above the parking lot and a rooftop array on the building.
The system now produces roughly 227,149 AC kWh of clean energy each year, an estimated $105,600 in year-one utility offsets, and around $7,874,000 in net lifetime savings — turning a recurring operating-cost into a long-term, predictable energy hedge.
System spec
System design
- Site
- 120 COLORADO AVE
SANTA MONICA, CA 90401-2316 - APN
- 4290-015-026
- Utility
- PG&E
- Seismic rating
- 1.2
- Irradiance
- 2
- System size
- 112.5 kW DC
- Estimated production
- 227,149 AC kWh / year
- Year-1 utility offset
- $105,600
- Lifetime savings (~30 yr)
- $7,874,000
- Solar panels
-
180 ×
Q.TRON XL-G2.3/BFG
(120 carport · 60 rooftop) - SolarPort structures
- 2
- Wire loss
- 2.0%
Quick request
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