Return to Blog

Will Utilities Lease Rooftops of Commercial Buildings for Solar Power Generation?

Not every company is ready to go solar, even though they may have the rooftop space for solar panels. The good news is that you can still profit from that solar-ready space, as utilities are now starting to lease out rooftop space for solar projects.

Cedars Sinai Solar

Third-party leasing of rooftops or other spaces for solar arrays is a growing trend. Last month, for instance, Energy Manager Today posted a blog about a project being run by Soltage, LLC. The company is providing Quinsigamond Community College in West Brookfield, MA with about 2.4 MWh of energy. The 5,800 photovoltaic panels generating the energy are 25 miles away in Worcester, MA.

To date, these creative net-metering arrangements have largely been the work of entrepreneurial companies. That may change, however. Roy Palk, the Senior Energy Advisor for the law firm of LeClairRyan, thinks that the utilities are set to more actively participate in these this sector. “I thought about utilities getting more involved and embracing commercial rooftop solar,” he said. “Rather than utilities fighting rooftop solar, why don’t they go out and lease rooftops as if they were buying or leasing ground?”

The company leasing the rooftops can make money from these arrangements. “They have an additional revenues stream, instead of an empty roof on top of the building,” Palk said. “The second is if they are in a state where net-metering is allowed…they can sell what they don’t use back to the grid.”

Read the rest at EnergyManagerToday.com

Disclaimer: Although the information contained herein is from sources believed to be reliable, TFS Energy Solutions, LLC and/or any of its members, affiliates, and subsidiaries (collectively “TFS”) makes no warranty or representation that such information is correct and is not responsible for errors, omissions or misstatements of any kind. All information is provided “AS IS” and on an “AS AVAILABLE” basis and TFS disclaims all express and implied warranties related to such information and does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of any of the information. The information contained herein, including any pricing, is for informational purposes only, can be changed at any time, should be independently evaluated, and is not a binding offer to provide electricity, natural gas and related services. The parties agree that TFS’s sole function with respect to any transaction is the introduction of the parties and that each party is responsible for evaluating the merits of the transaction and credit worthiness of the other. TFS assumes no responsibility for the performance of any transaction or the financial condition of any party. TFS accepts no liability for any direct, indirect or other consequential loss arising out of any use of the information contained herein or any inaccuracy, error or omission in any of its content. This document is the property of, and is proprietary to, TFS Energy Solutions, LLC and/or any of its members, affiliates, and subsidiaries (collectively “TFS”) and is identified as “Confidential.” Those parties to whom it is distributed shall exercise the same degree of custody and care afforded their own such information. TFS makes no claims concerning the validity of the information provided herein and will not be held liable for any use of this information. The information provided herein may be displayed and printed for your internal use only and may not reproduced, retransmitted, distributed, disseminated, sold, published, broadcast or circulated to anyone without the express written consent of TFS.