In terms of solar heating in small apartment buildings, only 4 out of 10,000 small apartment units had solar powered heating by 2014. In comparison to this, solar heating was available in almost twice as many large apartment properties.

1. SOLAR HEATING TRENDS
IN SMALL APARTMENT BUILDINGS
Only four out of every
ten thousand small
apartment units were
served by co-located
solar powered heating
systems by 2014.
In comparison, solar
heating was available
in nearly twice as
many units in large
apartment
properties.
Solar heating expanded at a
slightly faster pace in small
properties between 2010 and
2014 — registering a 14% average
annual growth rate compared
to 11% in large properties.
Solar Energy Adoption Across Property Types
0
2
4
6
8
Small Asset
(4-49 Units)
Large Asset
(50+ Units)
All Housing Types
2010
2014
UnitsAdoptingSolarEnergyper
10,000Units
Growth in Solar Energy Adoption, 2010-14
5%
10%
15%
20%
Small Asset
(4-49 Units)
Large Asset
(50+ Units)
All Housing Types
Small balance multifamily loans are typically between $1 million and $5 million. Chandan Economics
defines small-cap properties as 5 to 19 units, mid-cap properties as 20 to 50 units, and large-cap properties
as larger than 50 units. Both small-cap and mid-cap properties can fall into the small balance spectrum.
Source: American Community Survey; Chandan Economics
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