Agricultural Solar is Under Threat by Net Metering Changes – NEM 3
November 23, 2021
Solar & EV Charging for Commercial & Industrial Buildings
January 26, 2022How Property Owners & Developers Capitalize on Commercial Solar
How Property Owners & Developers Capitalize on Commercial Solar
As electricity rates rise higher than ever recorded, commercial developers and property owners have the opportunity to increase their building’s net operating income – while reducing those future energy costs with a commercial solar solution. With expected changes to incentives, energy code compliance and utility programs like Net Energy Metering, now is the time to consider commercial solar as a solution to save cash and add value back into your properties.
Commercial solar adds building value while increasing net operating income by generating free electricity that is sold back to the tenant. This exchange can result in a “win-win” by selling electricity to the tenant at reduced cost while still generating positive cash flow for the property owner or developer.
Triple-Net or Full Service Gross Lease Types
Depending on the type of lease, triple-net or full-service gross leases, the program is structured differently. Software is available to easily track and allocate costs or payments for multiple meters.
- Through a triple-net lease, the tenant would pay the landlord directly for their energy consumed.
- Through a full-service gross lease, you are already paying the electricity bill, so the landlord is able to reduce that bill, resulting in lower operating expenses.
Learn more about how commercial solar benefits different lease types.
Social & Financial Incentives That Come With Commercial Solar
Energy-efficient “smart buildings” are more marketable and more competitive in their industries, as more businesses look to employ more sustainable practices.
Incentives like the Solar Investment Tax Credit, Depreciation, and SGIP are available and have helped many businesses capitalize on the benefits commercial solar provides.
Upcoming Energy Code Mandates
Looking forward, the 2023 Building Energy Efficiency Standards will require solar and energy storage on many new and renovated commercial structures. This supplements requirements that took effect in 2020 mandating new single-family homes and multifamily dwellings up to three stories high include solar as well.
Potential Changes to Net Energy Metering (NEM 3)
Potential changes to Net Energy Metering (NEM 3) are expected to reduce the value of solar generation exported back to the grid and increase payback periods with monthly “grid benefits” charges. New systems built after the final decision will unfortunately be hindered by this program change, but there is still time before the end of 2021 to grandfather your building into the current version of the program (NEM 2).
Contact us today to learn how your facilities can avoid rising energy costs and increase net operating income by adding commercial solar to your properties.
Webinar Presentation - Property Owners & Developers on How To Capitalize With Commercial Solar
Through this presentation you will learn first-hand how other property owners and commercial developers were able to put cash back into their facilities, reduce electricity costs and add to their net operating income.
If you’re curious about our next webinar, don’t hesitate to reach out and contact us as we would be happy to present to anyone interested.
Commercial grade rooftop solar is ideal for: manufacturing, warehousing, logistics, industrial, retail, hospitality buildings and more with over 10,000 sq. ft. rooftops.
CARPORT SOLAR
Free standing carport solar generates added solar power for properties with limited rooftop space. Added benefits include shading and protection for employees vehicles.
ENERGY STORAGE
Crucial for reducing peak demand charges. Automated to supply electricity when your panels won’t. Energy storage is ideal for businesses that incur significant peak hour charges
As the popularity of electric vehicles increase, so does the demand for on-site charging. This sustainable amenity has become a parking lot fixture for competitive employers.
Revel is on a mission. Dedicated to renewable energy solutions since 2009, Revel Energy was formed to provide Commercial, Industrial and Agricultural businesses with alternative energy beyond solar. Revel stands out from the competition by paying attention to what makes good business sense to each individual client, implementing a wider range of technologies to free up capital and make businesses sustainable and more profitable.
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TURNKEY COMMERCIAL GRADE SOLAR, ENERGY STORAGE, LED LIGHTING AND MORE.
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Client Testimonial: Kelemen Company
Corporate Business Park in Irvine, CA has created significant electricity cost savings through commercial solar installed across the 5-building business park.
Client Testimonial: Tice Gardner & Fujimoto LLP
See how this CPA firm saved on electricity and gained valuable tax credits through commercial solar that they used to keep cash in the businesses.
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