Solar as an Investment
A greater percentage of utilities are now procuring solar to meet aggressive renewable portfolio standards (RPS) and sustainability goals. The expansion of remote or virtual net metering and community solar programs enables energy users to purchase solar energy from installations built on remote sites they don’t own. These developments have created a variety of investment opportunities for real estate owners and third-party investors.
Land and real estate owners can now lease their properties and other available space for solar installations that will generate a predictable revenue stream over a long lease term, without any hassles. Borrego Solar works with solar investors and property owners in New York, Massachusetts, and California to lease or purchase expansive rooftops or parcels of land for solar projects, and the energy produced is sold to a credit-worthy offtaker or utility looking to meet its RPS.
Have a Roof in CA, MA or NY?
“Before selecting Borrego Solar we interviewed about six other potential solar contractors. It felt like Borrego was the most qualified to complete the job and had the most impressive list of referrals. Borrego was very easy to work with and everyone involved was always working towards the same goal. As the owner of the property we are very satisfied with the results.”Ken Pruett, Vice President, Steadfast Companies
There are a lot of variables to account for when considering leasing your rooftop for a solar panel installation. A member of our project development team will assess your site specifications:
- location (utility load zone),
- permitting factors like fire setbacks, age, size, etc.
Depending on the renewable energy market you’re in, we can then determine whether your roof is a viable candidate to host a solar project.
Own Land? Solar Power Real Estate Development
The advantage of leasing your land for a solar energy project is the revenue it generates with minimal impact to your property—preserving the site for other future use. Additionally, hosting a solar installation is a great way to cover the carrying cost of your property or taxes.
Unfortunately, not all land sites are created equal. A member of our project development team will assess your site with a focus on proximity to ideal utility interconnection points, relationship to wetlands and environmentally protected sites, topography, drainage potential, and ground covering.
If you own a large parcel of land or rooftop space in California, Massachusetts or New York, contact us to see if your site is suitable for a solar lease agreement.
Our Experienced Solar Project Teams Can HelpLearn How
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