Leasing Roof Space Solar

Freedom will own and operate the solar power equipment and meet all costs associated with construction operation and maintenance.

Leasing roof space solar.

The more electricity you want to produce the more roof space you ll need for your installation. In a lease you pay to rent the solar power system typically for about 20 percent less than you were paying for electricity explained freedom forever solar ceo brett bouchy. Energy mix in 2017. An estimated 10 6 gigawatts of solar energy generating capacity were added to the u s.

Leases of roof space for solar panels homeowners beware. This project is unique in because njrcev is leasing more than 300 000 square feet of roof space from adler partners edison n j a commercial warehouse owner for 20 years. Some companies also offer power purchase agreements or ppas. Into a revenue stream.

There are no equipment or maintenance obligations or costs to the site owner. Whilst initially the offer may seem tempting to a homeowner greater consideration needs to be given as to the benefits and risks involved in entering into such an arrangement. Your business will get a portion of the financial benefits generated by our system while we take on all costs maintenance and responsibilities. In a site lease agreement you turn an unused space your roof an open plot of land a parking lot etc.

Such is the growing trend for energy efficient properties that it is becoming more and more common for utility companies such as british gas to offer to take on a long lease of a homeowner s roof space in order to install solar panels on the roof. Most lenders will agree a loan on a property with leased solar panels provided the contract meets certain conditions one of them being that the installing company be accredited the installation. In essence a solar site lease is exactly what it sounds like. An agreement to lease your property for a solar installation.

Mid sized commercial businesses property owners start making money off your unused roof space. Freedom energy is offering commercial property owners an additional income stream by renting building rooftops. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. An 870kw new jersey installation is also being developed by uni solar rochester hills mich for new jersey resources clean energy ventures njrcev wall n j.

Ecogy pays you annual rent to generate solar energy on your rooftop. In the residential rooftop category solar leasing agreements were responsible for a high percentage of the new installations as they have been for the last several years.