The IRA extended the ITC through 2034, meaning that investors and owners of commercial solar projects can claim a 30% tax savings, which translates to lower costs for building owners.

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Benefits of adopting solar:

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Unlock additional NOI

By lowering energy costs through a solar PPA / solar equipment lease, commercial real estate owners can reallocate extra budget space for other facility improvements and even tap into additional net operating income (NOI). This additional NOI comes from a site lease that gives Sunrock access to the roof in return for rental payments to the landlord. Further, commercial real estate owners can enjoy price certainty from a PPA / solar equipment lease over the long term instead of estimating utility costs that fluctuate over time.

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Increase property value

On-site solar can significantly increase the value of your commercial real estate. That said, it is important to note that exactly how much on-site solar can increase the value of your property depends on a number of factors such as where your property is located.

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Meet sustainability goals

No matter where in the U.S. your commercial real estate is located, it is likely that it will soon be required – perhaps by federal, state, or local mandates – to take meaningful steps to reduce greenhouse gas emissions. Whether your sustainability goals originate from internal initiatives or external regulations, on-site renewable energy will help you meet your targets.

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Attract and retain top-notch tenants

Whether you are catering to commercial or residential tenants, on-site solar can be a compelling draw. Businesses and individuals tend to enjoy occupying spaces that align with their values. Further, savvy prospective tenants recognize that they may realize the cost-saving benefits of your on-site solar.

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