889 Holmes Rd, Pittsfield, MA 01201 (MLS# 247718)

Perc: No

Restrict Covenants: No

Sewer: None

Soil Evaluation Rpt: No

Subdivided: Yes

Title V: Not Applicable

Underground Oil Tank: Unk

Water: Public

Right to Farm Comm: Yes

Views: Distant; Hill/Mountain; Scenic; Seasonal

Lot Description: Subdivision

Land Use: Other

Exterior Amenities: Elec-On Site; Electric Avail

Zoning: Residential

Unique opportunity to acquire a fully owned, high-performing solar energy system on 1.25 acres of surveyed land in a prime Pittsfield, MA location. This turnkey 166.7 kW AC (225 kW DC) ground-mounted solar field was placed into service in 2018 and has been meticulously maintained. The system features 784 solar panels (285W and 305W), 5 high-efficiency SolarEdge inverters, and 399 power optimizers. A direct interconnection to the Eversource grid is established via a dedicated 400A, 480V commercial-grade servicedouble the needed capacityoffering seamless future expansion potential. System Ownership & Siting: The solar field is fully owned by the seller, with no lease encumbrances. The land, fully subdivided and surveyed from the larger estate in 2023, is zoned for residential use and includes additional adjacent parcels (approx. 100x100 ft and 15x225 ft). Access easements are recorded with abutting lots, ensuring unimpeded entry to the property. There are no road maintenance or association fees. Income & Performance: Average annual gross income is approximately $141,581 based on: Energy sales: ~$98,500/year (based on 246,250 kWh at $0.40/kWh average rate; can increase to $0.45/kWh if fully allocated to commercial accounts) SREC credits: ~$43,081/year (based on historical average over 4 years) The system participates in Massachusetts' SREC II program, with an opt-out date of 12/31/2027 and an SREC factor of 0.7. PTS #94907. Energy credits are administered via Knollwood Energy and allocated to multiple residential and commercial Eversource accountstransferable and easily reassignable. Recent system upgrades (replacement inverters) are expected to increase production. Operating Expenses: Low annual costs, including: Grounds maintenance: ~$900/year Insurance (2024): $952 Property taxes (on land only): ~$700/year Total average OPEX: ~$2,500-3,000/year Monitoring is available via SolarEdge's remote platform with module-level diagnostics. Over four years, total service costs were under $400, with warranty credits available. Included with Sale: Spare modules, inverters, and power optimizers System documentation, warranties, and historical performance data Subdivision plans and access easement details Future Development Potential: The property qualifies as a residential building lot with public way frontage. It offers panoramic views of the Housatonic River Valley and surrounding mountainsideal for future high-end home development. Holmes Road is one of Pittsfield's most desirable residential corridors, close to downtown Pittsfield, Lenox, and the Tanglewood cultural district. Investor Highlights: Immediate, stable cash flow with existing allocations Fully owned infrastructure with expandability Utility-grade interconnection with no lease complications Low-maintenance, high-efficiency system Long-term potential for development or resale as a premium lot This is a rare opportunity to acquire a high-yield renewable energy asset with substantial upside, situated in a sought-after Berkshire County location.