Renting Roof Space For Solar Panels

Dividing that total square footage by 15 we find that john can fit 50 solar panels on his roof.

Renting roof space for solar panels.

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. There are no equipment or maintenance obligations or costs to the site owner. 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. 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. 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. 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. In essence a solar site lease is exactly what it sounds like.

This method works fairly well but oversimplifies the situation. In a site lease agreement you turn an unused space your roof an open plot of land a parking lot etc. Freedom energy is offering commercial property owners an additional income stream by renting building rooftops. 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 seeking to lease rooftop space from commercial property owners. Homeowners may need planning consent if the property is in a conservation area of if it is listed. Freedom will own and operate the solar power equipment and meet all costs associated with construction operation and maintenance. 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.

An agreement to lease your property for a solar installation. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. Leases of roof space for solar panels homeowners beware. 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.

It s simple you rent us your roof space so that we can install solar panels on it. 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.