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.
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.
Energy-efficient “smart buildings” are more marketable and more competitive in their industries, as more businesses look to employ more sustainable practices.
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) 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.
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.
Free standing carport solar generates added solar power for properties with limited rooftop space. Added benefits include shading and protection for employees vehicles.
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
Generating independent solar power is one piece of the puzzle. Energy saving equipment like highly efficient LED Lighting completes the system. Significantly reduce energy usage.
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.
Corporate Business Park in Irvine, CA has created significant electricity cost savings through commercial solar installed across the 5-building business park.
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.
-30K DATAPOINT ENERGY AUDIT
-CUSTOM TAILORED SYSTEM DESIGN
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