Best in Texas™: Georgetown Harnessing the Sun: Inside the Newest Solar Panel Manufacturing Hub Ready to Light Up the Future by ALEX.realestate

ALEX just completed analysis and a summary of Connect CRE‘s: “Solar Roof Panel Maker Completes 450K-SF Georgetown Plant.” Georgetown adding another high tech manufacturer and creating over 250 jobs!

The establishment of GAF Energy’s new manufacturing facility in Georgetown marks a significant milestone in the solar energy industry, promising extensive economic benefits and reinforcing the company’s commitment to innovation and sustainability.

Overview of GAF Energy’s Expansion

• New Facility Launch: GAF Energy has inaugurated a 450,000-square-foot Timberline Solar manufacturing facility in Georgetown, responding to the increasing demand for its innovative solar roof products.
• Significant Capacity Increase: The new plant represents the company’s second manufacturing facility, boosting production capacity by 500%. This expansion will elevate the company’s annual solar shingle output to 300 megawatts, establishing GAF Energy as the global leader in solar roofing production.

Economic and Community Impact

• Job Creation: The facility is expected to provide employment for at least 265 individuals, contributing significantly to local job opportunities.
• Construction and Investment Partnerships: Portman Industrial constructed the single-tenant building on a 52-acre site, with ARCO/Murray as the construction partner. Post-construction, the property was acquired by Philadelphia-based EQT Exeter’s new real estate investment trust in March.

Supportive Measures by Local Government

• Tax Incentives: The Georgetown City Council endorsed a tax increment reinvestment zone to facilitate infrastructure improvements at the site. This agreement includes both personal and property tax abatements for GAF Energy, spanning a 10-year period.

ALEX knows more about Georgetown area than just about anybody.

If you have any questions, I am always here. Just call, text or email me. Diane

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate