July 16, 2026
Energy infrastructure company and capital partner PearlX has announced plans for a 224 kW solar energy system at the Golden Sands Apartments in Victorville, California.
Founded through a partnership between PearlX, Aspen real estate financingand the San Bernardino Housing Authoritythe solar will serve staff housing customers in need of savings on bills, the company says. The partnership is an example of PearlX’s Energy Estate model, the company says, which treats multifamily buildings as “distributed network assets with long-term financeable value.”
“This public-private partnership shows that the Energy Estate model can be scaled across the country for the multifamily market,” said Michael Huerta, co-founder of PearlX Infrastructure.
Huerta added that the company will finance, install and operate the energy system at no cost to the property owner. This model allows the company to pay landlords rent in exchange for the rights to manage the property’s energy systems and infrastructure.
Aspen Real Estate Financial LLC, the Housing Authority of the County of San Bernardino, and the California Affordable Housing Agency recently acquired apartments in Golden Sands, the company says. Now, the 120-unit workforce housing complex will deliver electricity savings at a crucial time for the Golden State’s energy sector.
Distribute timely bill savings
Deploying projects like the one PearlX is planning is “particularly meaningful” for workforce housing communities like Golden Sands, the company says.
Company representatives estimate that lower-income families have spent more than 15% of their income on utility bills thanks to soaring utility rates. These rate hikes show no signs of slowing down, thanks to AI data centers, increased electrification, and other major demands.
All these factors together have ensured that the energy partnership and the subsequent solar energy project are exceptionally topical.
“It was an easy decision to bring PearlX on board as our energy partner at Golden Sands,” said Harry Richard, partner at Aspen Real Estate Financial. “Affordable housing communities like this deserve the same quality of sustainable infrastructure as any other real estate on the market. PearlX’s ability to quickly deploy capital and manage these systems over the long term gives us confidence that our residents and operations teams will benefit for decades to come.”
The average energy bill for California residents has increased nearly 30% over the past five years, the company says. 56 million Americans are now seeing higher energy bills than normal, but residents who participate in the Golden Sands solar program will receive a 12.5% discount on electricity costs, compared to standard energy rates.
“Housing for working families plays a critical role in closing the gap between subsidized housing and market-rate rents,” said Rishad Mitha, deputy director of the County of San Bernardino Housing Authority. “Golden Sands represents an opportunity to provide quality housing to moderate-income households who often do not qualify for traditional affordable housing programs but still find market rents out of reach.
“Combining this with meaningful energy savings through PearlX’s solar energy program makes this partnership even more impactful.”
Keywords: California, Community Solar, PearlX, project, Residential Solar
