Commercial solar has a ton of potential, and the Solar Energy Industries Association (SEIA) wants to make that potential clearer for customers and investors, today making two documents available to spur investment.
The first document is a contract that combines the benefits of a Power Purchase Agreement (PPA) with Property Assessed Clean Energy (PACE) to provide customers with a valuable new financing option.
“The PACE PPA further builds out SEIA’s suite of model contracts so all solar transactions can be efficiently negotiated and financed,” said Mike Mendelsohn, SEIA’s senior director of project finance & capital markets. “Our goal is to broadly open the U.S. commercial real estate sector for solar deployment, and the PACE PPA is a valuable tool to allow that progress to happen.”
The second document, co-authored by SolarKal, is an educational report designed to explain the value of on-site solar to commercial property owners. According to the report, Solar Energy and Commercial Real Estate (CRE): Insights for Your Investment Property, solar systems can allow commercial property owners to raise rents, lower operating expenses, negotiate lease extensions, and increase the net present value, or NPV, of their buildings.
Both documents were developed by SEIA’s C&I Working Group, which is focused on creating solutions for the commercial and industrial sectors.
— Solar Builder magazine