Renting Roof Space For Solar Panels

Known as the rent a roof scheme a growing number of companies are offering to fit and maintain solar panels on your roof for free.

Renting roof space for solar panels.

Thanks to rising energy prices more and more people are looking to invest in solar energy as a way of saving money and reducing their energy bills making the prospect of free solar all the more tempting. The electricity generated by the solar panels costs less than the electricity you buy from your electricity retailer. Freedom energy is offering commercial property owners an additional income stream by renting building rooftops. This project is unique in because njrcev is leasing more than 300 000 square feet of roof space from adler partners edison n j a commercial warehouse owner for 20 years.

Homeowners may install panels themselves or as is increasingly common and on which we are often asked to advise lease their roof space to host solar panels for a third party company. There are no equipment or maintenance obligations or costs to the site owner. Into a revenue stream. Leases of roof space for solar panels homeowners beware.

You don t have to pay anything in fact we will pay you rent for your roof. Dividing that total square footage by 15 we find that john can fit 50 solar panels on his roof. An 870kw new jersey installation is also being developed by uni solar rochester hills mich for new jersey resources clean energy ventures njrcev wall n j. This method works fairly well but oversimplifies the situation.

Such is the growing trend for energy efficient properties that it is becoming more and more common for utility companies such as british gas to offer to take on a long lease of a homeowner s roof space in order to install solar panels on the roof. Whilst initially the offer may seem tempting to a homeowner greater consideration needs to be given as to the benefits and risks involved in entering into such an arrangement. Some companies also offer power purchase agreements or ppas. It s simple you rent us your roof space so that we can install solar panels on it.

Homeowners may need planning consent if the property is in a conservation area of if it is listed. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. Freedom will own and operate the solar power equipment and meet all costs associated with construction operation and maintenance. In a site lease agreement you turn an unused space your roof an open plot of land a parking lot etc.

In essence a solar site lease is exactly what it sounds like. An agreement to lease your property for a solar installation.