Tennessee’s first energy-producing neighborhood
Three hundred single-family, energy efficient homes will soon be under construction in Memphis located at the “Wolf River Buffs” on property situated at James Road and Mclean Blvd.. Builders will install solar panels in each home. Those panels will be made at the Sharp Manufacturing Company in Southeast Memphis. The solar panels, along with MLGW’s EcoBuild construction standards means the housing development will be Tennessee’s first energy-producing neighborhood. Thomas Chamberlain, with MLGW’s strategic marketing, says homeowners will realize a savings on their utility bills.
“We see the results in a 30-percent reduction of electrical usage and up to a 50-percent reduction in natural gas usage. We know it works,” Chamberlain says. Steve Lockwood is Executive Director of the Frayser Community Development Corporation. He has watched neighborhoods struggle through rough economic times. “The mortgage crisis has hit Frayser harder than any neighborhood in Tennessee. We’ve had unreasonably high foreclosure rates for ten years running. That has meant a lot of empty houses and it has lowered values in the community,” Lockwood says. The price tag for the new Frayser homes will range from $120,000 to $140,000.