Ten years ago, the idea of a commercial real estate owner using their roof as a solar tenant space seemed complicated and expensive. However, the adoption of solar photovoltaic (PV) technology at a massive scale over the past decades has drastically reduced costs associated with PV equipment, installation, and maintenance. The reduced hard costs along with a more favorable regulatory environment has magnified the potential income that can be made from rooftop solar.
In this GlobeSt article, Michael Gross discusses the different options available to CRE owners to financially structure commercial rooftop solar arrays so that they can profit from an otherwise unused portion of their building. In addition, he reviews items that help make for a good rooftop solar candidate as well as addresses typical concerns and misconceptions about it.
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