Senior Living Goes Green: Portland's First Solar Retirement Community

Portland, Oregon - January 26, 2011 - CherryWood Village Retirement Community announced today the installation of a 92.4 kilowatt solar panel system which will cut the facility's main building electric bills by an estimated 25% annually. CherryWood Village, a 12 acre campus located next to the Adventist Medical Center and Mall 205 Shopping Center, provides 318 units of retirement and assisted living housing for moderate income seniors in the community. According to James Carlson, President and CEO of the Oregon Health Care Association, the solar project is the first of its kind in the city of Portland and demonstrates one of the many aspects of sustainable design initiated by Generations LLC, owners of CherryWood Village.

Northwest Photon Energy (NWPE), a Northwest solution provider in solar design, financing and installation, provided the rooftop-mounted solar system which is expected to produce approximately 107,158 kWh of electricity per year. At a price of $0.14/kWh, that equates to over $15,000 per year in electrical costs savings for the main residential and office facility. The equipment used in the system consists of photovoltaic (PV) modules and mounting system manufactured by Schuco and inverters supplied by SMA Sunnyboy, both of California. Kirk Cameron, President of NWPE, says "this installation will help reduce operating costs, provide long-term clean energy output as well as enhance building value."

"All of these energy savings ultimately mean better services to our residents," says Chip Gabriel, President of Development, Generations LLC. Most of CherryWood's residents have fixed incomes and "every penny we save in energy costs will go directly into providing services for our seniors." Generations is a recognized leader in design, construction and operations innovations in the senior housing industry. Adds Gabriel, "We and our residents are demonstrating that the CherryWood community not only cares for its seniors, but for the environment as well."

Edith Stacey, a penthouse resident at CherryWood Village, agrees with the company's move to go green. After receiving a corporate announcement about the solar system installation, Ms. Stacey wrote management to commend them "for their interest in protecting the environment." She further commented that CherryWood's new green policy was instrumental in changing her mind to relocate to another facility in the southwestern United States.

The CherryWood Village project was funded in part by a federal grant under the American Recovery and Reinvestment Act of 2009, state business tax credits, an incentive from Energy Trust of Oregon as well as private financing by Dooling Leasing, a subsidiary of Umpqua Bank. The combined incentives will allow Generations to pay off its solar investment in 5 years or less. Oregon's first solar senior housing facility obtained final permitting approval and went live on December 30, 2010 demonstrating the power of collaboration between public and private, and between a company and the community it serves.

About Northwest Photon Energy

Northwest Photon Energy (NWPE) is an active provider, designer and installer of turnkey photovoltaic (PV) solar systems in the Pacific Northwest. They offer a full range of services in connection with the planning, development, implementation, operation and financing of commercial and utility scale solar applications and photovoltaic systems. NWPE is an approved Energy Trust Trade Ally.

Located in Lake Oswego, Oregon, they work closely with state agencies, power suppliers and businesses to provide the most experienced solutions for their renewable solar energy systems.

Contact Information

Kirk Cameron, President
560 First Street, Suite 104
Lake Oswego, OR 97035
(503) 697-4482

About Generations LLC

Generations LLC is a recognized leader in award winning retirement and assisted living lifestyle options. Generations' communities offer a variety of extended care services including assisted living, skilled nursing, rehabilitation and therapy clinics. Combined with social, spiritual, wellness, recreational and continuing education opportunities, Generations retirement communities provide enhanced living and quality of life to seniors.

Current Generations communities include Town Center Village in Portland, Oregon; CherryWood Village in Portland, Oregon; Wheatland Village in Walla Walla, Washington and Paradise Village in National City, California.

Contact Information Chip Gabriel, President of Development
8601 S.E. Causey Avenue, Suite #1
Portland, OR 97086
(503) 652-0750