Lease Roof Space For Solar Panels

J ulie griffiths wanted to reduce her carbon footprint by installing solar panels.

Lease roof space for solar panels. With most lease agreements lasting 20 years it is important that a property owner be willing to have panels on their roof for an extended period. Freedom will own and operate the solar power equipment and meet all costs associated with construction operation and maintenance. 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. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company.

Some companies also offer power purchase agreements or ppas. The cost would have been a prohibitive 12 000 so she signed a deal to lease part of her roof to a solar power. This method works fairly well but oversimplifies the situation. Because the equipment is going on your roof a lease is needed to rent the space to the solar panel company and to regulate the ongoing relationship between you and it.

With solar prices at a record low many homeowners are opting to buy the solar panels instead. Leases of roof space for solar panels homeowners beware 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. Long term interest in a solar lease. 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.

Eligibility for a solar site lease will vary with each specific project but there are a few requirements that are generally needed with any lease. 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. The company will want the arrangements to stay in place for 25 years to ensure maximum pay back on their installation costs and to ensure it can claim the full amount of fit income. The installation company would retain ownership of the panels and effectively lease the roof space on which they operated for up to 25 years while the homeowner benefited from free electricity.

Dividing that total square footage by 15 we find that john can fit 50 solar panels on his roof. Freedom energy is offering commercial property owners an additional income stream by renting building rooftops. Freedom energy is seeking to lease rooftop space from commercial property owners.