A commercial solar lease is a 3-way agreement between the property owner, tenant, and a solar company. The solar company pays 100% of the capex and then sells electricity to the building tenants. The tenant pays for electricity on a monthly basis at a discount to the utility. There is typically a buyout option and the lease is fully assignable upon sale. The solar company is responsible for maint
For Real Estate Owners
80,000 SF x $0.50 SF = $40,000 Rent @ 7% cap rate = $571,428 new value
For Tenants / Business Owners
$18,000 Electricity Savings @ 5x EBITDA multiple = $80,000 new value
Common Lease Types
Commercial office roof lease or solar carport lease
Industrial or warehouse roof lease
California Community Solar Program
Self storage roof lease
RV / Boat Parking Solar Carports
Farm lease for community solar
(1) Commercial Site Lease Agreement between building owner and solar fund
(2) Power Purchase Agreement (PPA) between solar fund and tenant
SOLAR CFO
SAN DIEGO, CA & RALEIGH-DURHAM, NC
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