CORPORATE BUSINESS PARK COMMERCIAL SOLAR

Corporate Business Park Commercial Solar

Corporate Business Park uses Commercial Solar in Irvine, CA to offset rising electricity costs for multiple office buildings.

Landlords of Full Service Gross Leases increase Net Operating Income by supplementing power bills with sustainable solar power. Corporate Business Park in Irvine is one of many office parks to capitalize on these savings.

Comprised of five two-story office buildings, each building uses varying amounts of electricity. The entire park uses over two million kWh of electricity paid by the property owner.

The project was challenging given each building’s unique rooftop. Revel Energy was hired to design and install a system that would produce enough electricity to entice owners. They were able to design and install a 335.16 kW system consisting of 931 monocrystalline solar panels shared among the five rooftops.

The system generates 447,315 kWh annually, saving owners $49,543 in the first year alone. Using an average CAP Rate of 5% (actual rate unknown, estimated for scenario purposes) the commercial solar system adds $990,000 to the total property value.

With California’s steady rising electricity rates, Corporate Business Park is expected to save $2,363,833 in future electricity costs.

Corporate Business Park Case Study PDF

View more of our Commercial Solar Project Portfolio

CRE Owners of Triple Net or Full Service Gross Leases