REIT
Real Estate Investment Trusts are in a unique position to leverage the benefits of solar for their portfolio customers. Since REITs typically have a longer term view of property ownership, the benefits of a solar PV installation over the system life can be significant. Whether the property is a low rise office building, sprawling retail complex or a prime light industrial building, the advantages of going solar are real and growing.
- A desire to be "Green"
- Predictable energy costs
- Lower costs and increase energy independence
- Improve property values, Increase occupancy and Reduce tenant turnover
A desire to be "Green"
Being "Green" is attractive to property owners who want to be part of the renewable energy revolution. Whether their reasons are financial, driven by a reduced carbon footprint, or purely philosophical, the demand is real and growing. This attribute is a becoming a strong consideration for a tenant when entering into a lease with a building owner and/or an employee when deciding which employer to join. See Ownership ROI for additional information.
Predictable energy costs
Electric rates have risen an average of 3% on an annual basis for the past seven (7) years. The fluctuation in these rates is a concern for property owners. Upon the installation of a solar PV system, the owner can accurately forecast the cost of energy associated with the installation for more than twenty (20) years. See Ownership ROI for additional information.
Lower costs and increase energy independence
The American Recovery and Reinvestment Act (ARRA) of 2009 provides subsidies and tax advantages for the appropriate buyer. A buyer in the right tax situation can reduce his/her cost by more than 50%. Additionally, over the system life, the energy is generated at a significant discount to normal utility grid rates and independent of the grid itself which reduces the reliance on carbon based fuels. See Ownership ROI for additional information.
Improve property values, Increase occupancy and Reduce tenant turnover
Statistics have shown that buildings using renewable energy have higher occupancy rates, reduce tenant turnover, can earn higher per square foot rental rates, and attract a wider market of tenants. These components translate into increased economic value to the property owner. See Ownership ROI for additional information.
