Renting Roof Space For Solar Panels

Freedom energy is seeking to lease rooftop space from commercial property owners.

Renting roof space for solar panels.

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. 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. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. You don t have to pay anything in fact we will pay you rent for your roof.

Some companies also offer power purchase agreements or ppas. In a site lease agreement you turn an unused space your roof an open plot of land a parking lot etc. John wants to install solar on his roof and he has a large south facing roof plane that is 30 feet long by 25 feet wide for a total of 750 square feet. Freedom will own and operate the solar power equipment and meet all costs associated with construction operation and maintenance.

Into a revenue stream. Known as the rent a roof scheme a growing number of companies are offering to fit and maintain solar panels on your roof for free. Thanks to rising energy prices more and more people are looking to invest in solar energy as a way of saving money and reducing their energy bills making the prospect of free solar all the more tempting. Leases of roof space for solar panels homeowners beware.

It s simple you rent us your roof space so that we can install solar panels on it. Homeowners may install panels themselves or as is increasingly common and on which we are often asked to advise lease their roof space to host solar panels for a third party company. This method works fairly well but oversimplifies the situation. 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.

Freedom energy is offering commercial property owners an additional income stream by renting building rooftops. 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. 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. An agreement to lease your property for a solar installation.

There are no equipment or maintenance obligations or costs to the site owner. Homeowners may need planning consent if the property is in a conservation area of if it is listed.