- Avantus Clean Energy will develop a 2,000-acre solar and storage project near Phoenix.
- The Pinyon Solar Project is scheduled to break ground in fall 2026 and wrap up in early 2028.
- It will power roughly 70,000 homes and generate up to 300 megawatts of electricity.
- The project is expected to create 500 construction jobs and $100 million in tax revenue for schools, infrastructure, and public services.
- Location: South of State Route 238, west of State Route 347, and north of I-8 in Maricopa County.
- Includes a 24-acre battery energy storage facility, substation, and stackable equipment structures.
- Environmental considerations: The site was chosen to minimize community impact and avoid heavy groundwater use.
Why this matters for Arizona landlords and investors:
- Population growth and 113 straight days of 100+ degree heat in 2024 have strained Arizona’s grid.
- Stable and abundant energy sources like solar reduce risks of power disruptions—key for keeping tenants comfortable and avoiding costly unit downtimes.
- With housing costs rising, local governments will use solar project tax revenues to fund schools and infrastructure—supporting community growth that landlords benefit from.