A multi-tenant commercial facility in Brooklyn is hosting a landmark project – New York City’s first community solar development.

The project is the first of several under development by UGE – a global provider of solar solutions to the commercial and industrial sectors– and by Gotham Community Solar, a company owned by Peter Davidson, who led the U.S. Department of Energy Loans Program Office from 2013 through 2015.

The initiative, announced on March 15, will have a rated peak capacity of about100 kW, according to the developers. It will be sited in what UGE describes as “a vibrant Brooklyn neighborhood between Park Slope and Boerum Hill.”

The clean energy produced by the project will be net metered and sold to residential off-takers at rates promised to be lower than the rates paid to their utility, providing both an immediate and long-term savings, while being completely sustainable, as well.

“It’s been a privilege to work with [local regulated utility] ConEd, the New York City Department of Buildings, and the project’s ownership group on developing this landmark project” stated UGE’s Regional Director Tim Woodcock. “The solar power generated by the project will be credited to numerous residential accounts, offering access to the benefits and low cost of solar energy to those previously excluded due to their housing situation.”

Engineering and permitting work on the project are underway – with construction scheduled to be completed early this summer. As per an agreement between the parties involved, financial figures for the contract were not disclosed.