Thursday, February 7, 2019

Solar Home Factory Begins $8 Million Modular Project in Geneva, NY

The first homes at Lake Tunnel Solar Village, structures built at the Solar Home Factory in the Geneva Industrial Park in Geneva, NY, were recently installed in downtown Geneva after being transported to the Elizabeth Blackwell Street site.

While the first two-level townhouse has been placed on site, the development is once again going through some alterations, reflecting a changing business strategy for the Solar Home Factory.

The first phase of the development now includes six townhomes, all sold, plus a one-story single-family house called The Villa that also will serve as a model home, according to Solar Home Factory CEO Ryan Wallace.

The $8.53 million solar village is located on three acres of formerly city-owned land on Elizabeth Blackwell Street by Lake Tunnel Solar Village LLC, an outgrowth of SmallGrid.

All told, there will be 20 housing units at Lake Tunnel Solar Village when the project is complete, Wallace noted.

The Solar Home Factory is better equipped to handle the construction of single-level homes, Wallace continued, and it is also seen a product that can be marketed in cities where there is a sizable market for affordable one-story living.

“A lot of people looking to buy these are downsizing retirees,” he said. “It’s really an opportunity for the city to keep people who want to retire to the single level.”

Millennials seeking their first homes are another target market, Wallace said.

The base price for the 650-square-foot, two-bedroom, two-bath homes is $99,000, and Wallace thinks they have great potential to rebuild Geneva neighborhoods dotted with small vacant lots.

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