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Understanding Commercial Solar Operating Leases

We all know Solar is a great option for businesses because it can save money on energy bills and help reduce carbon emissions, but sometimes upfront installation and system costs can be prohibitive. Thankfully, there are a few different opportunities to finance your commercial solar project. One popular method is an operating lease. In this blog post, we’ll explain what a commercial solar operating lease is and how it can benefit your business.

What is a commercial solar operating lease?

A commercial solar operating lease is a type of lease that is used to finance the installation of solar panel arrays on commercial properties. The lease is structured so that the lessee makes monthly payments to the lessor, which covers the cost of the solar panels and their installation. The lease term is typically 15-20 years, after which the lessee has the option to purchase the solar panels or have them removed. Commercial solar operating leases are a popular financing option for businesses looking to go green and save on energy costs.

How does a commercial solar operating lease work?

The lease is an agreement between a business and a solar installation company in which the solar company agrees to install, maintain, and own a solar energy system on the business’s property. The business then pays a monthly fee to the solar company for the use of the system. operating leases are usually structured so that the monthly payments are equal to or greater than the savings generated by the system. This allows businesses to take advantage of solar energy without any upfront costs or long-term commitment.

The benefits of a commercial solar operating lease

A commercial solar operating lease is a great way to go solar without any upfront costs. With a commercial solar operating lease, you simply pay a monthly fee for the solar panels that are installed on your property. The solar panels are owned and operated by the solar company, so you don’t have to worry about maintenance or repair costs. In addition, commercial solar operating leases often include a performance guarantee, so you can be sure that your investment will pay off. Solar energy is a clean, renewable resource that can help to reduce your business’s carbon footprint. If you’re looking for a way to go green without breaking the bank, a commercial solar operating lease is a great option.

The disadvantages of a commercial solar operating lease

While commercial solar operating leases offer a number of benefits, there are also some drawbacks to consider. One of the primary disadvantages is that the property owner does not own the PV system, and as such, they are not eligible for any tax incentives or rebates that may be available. Additionally, the terms of the lease can be inflexible, and if the electricity rates increase, the property owner may be locked into an unfavorable rate. Finally, if the solar developer defaults on the lease, the property owner may be responsible for removing the PV system. For these reasons, it is important to carefully consider all of the potential advantages and disadvantages before entering into a commercial solar operating lease agreement.

Things to consider before signing a commercial solar operating lease agreement

Before signing a commercial solar operating lease agreement, there are several important factors to consider. First, the length of the lease should be appropriate for the commercial solar project. Second, the terms of the lease should be clear and concise. Third, the payment schedule should be affordable and realistic. Fourth, the lessee should have a clear understanding of the maintenance and repair obligations. Finally, the lessee should be aware of any restrictions on the use of commercial solar panels. By taking the time to carefully review all aspects of the lease agreement, businesses can ensure that they are making a sound investment in commercial solar.

How to find the best commercial solar leasing company for your business

If you are a business owner who is interested in going solar, you may be wondering how to find the best commercial solar leasing company. Do your research. There are many companies out there that offer leasing options, but better yet, contact Genie Solar Energy. Genie has years of experience in both installing solar systems, but also leasing them. The team will set down with you and understand what is the best financing option of your business unique goals and needs.

Commercial solar operating leases have become a popular way for businesses to go solar. They offer many benefits, but there are also some things to consider before signing an agreement. If you’re thinking about leasing a commercial solar system, be sure to do your research and find the best company for your business. Thanks for reading!

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Strict Adherence To Local Law

Landowners considering leasing their land to Genie Solar Energy can have full confidence in our meticulous adherence to legal and regulatory standards at all levels. Our team not only rigorously follows local township laws, ordinances, and building codes but also ensures compliance with state and federal regulations. The extensive experience and deep expertise of our team enable us to expertly navigate the complex legal landscape that governs solar energy projects.

This capability is crucial, as non-compliance can lead to severe fines or even project shutdowns. By choosing Genie Solar Energy, landowners partner with a company that prioritizes lawful operation and risk mitigation, ensuring that every project progresses smoothly and securely from conception through completion and operation.

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Proven Track Record

Landowners looking to lease their land for solar projects should consider Genie Solar Energy, a subsidiary of the established Genie Energy conglomerate, which boasts a proven track record of success in the solar industry. With over 1.8 million solar panels installed, Genie Solar Energy is one of the nation’s leading solar development firms. Our dedicated team includes over 250 professional solar installers, ensuring high-quality and efficient project execution.

This extensive experience and scale reflect our capability to handle projects of any size, offering landowners reliability and expertise that translates into maximized energy production and optimized financial returns from their leased land. Partnering with Genie Solar Energy means choosing a leader with a proven commitment to advancing solar energy and delivering tangible benefits to our partners and the communities we serve.

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Local Solar Development Experience

Landowners considering leasing their land to Genie Solar Energy can take advantage of our unparalleled experience and expertise with local ordinances, laws, and building codes across various municipalities and townships nationwide. Our extensive footprint and history of working within diverse regulatory environments equip us with a deep understanding of local requirements. This knowledge ensures that every solar project we undertake complies seamlessly with area-specific regulations, thus minimizing delays and avoiding potential legal and regulatory hurdles.

For landowners, this means a smoother, faster project approval process and a more efficient path to generating returns from your leased land. By partnering with Genie Solar Energy, you benefit from our adept navigation through the complexities of local regulations, ensuring that your land’s transformation into a productive solar farm is both compliant and expedient.

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Extensive Energy Experience

Landowners considering leasing their land for solar projects will find a robust and comprehensive partner in Genie Solar Energy. As a subsidiary of the internationally recognized Genie Energy conglomerate, Genie Solar Energy is not just a leader in solar engineering and development; our team also brings extensive experience across the broader energy markets, including wholesale and retail electricity markets. This depth of expertise allows us to tailor solar solutions that are not only technically efficient but also economically optimized for each landowner’s specific circumstances.

By choosing Genie Solar Energy, you are partnering with a team that understands the intricacies of energy production and distribution, ensuring a profitable and seamless integration of your land into the solar energy landscape. This comprehensive approach guarantees that our solar projects deliver maximum value, making the most of our shared energy future.

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End-To-End Project Management

Working with Genie Solar Energy offers landowners a seamless and secure experience throughout the lifespan of a solar project. As part of the financially robust Genie Energy conglomerate, Genie Solar Energy manages all aspects of solar development projects from the initial planning and permitting stages through to construction, operation, and eventually decommissioning. This end-to-end involvement ensures that the same experienced team handles the project for decades, providing continuity and stability that many competitors cannot match.

Competitors often lack the resources to manage a project throughout its entire lifecycle and may sell the project to different companies at various stages, leading to potential inconsistencies in management and execution. By leasing their land to Genie Solar Energy, landowners benefit from a single, reliable partner who provides consistent oversight and maintains the highest standards throughout the duration of the project.

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Financial Prowess

Being backed by a publicly-traded company like Genie Energy, Genie Solar Energy brings significant financial stability and reliability, which is a considerable advantage for landowners considering leasing their property for a solar project. This financial strength ensures that Genie Solar Energy can see projects through from inception to operation without the risk of bankruptcy that might plague less financially secure competitors.

Moreover, whereas competitors might lack the funds to complete a project and be forced to sell it, Genie Solar Energy’s robust financial backing allows it to maintain ownership and direct control throughout the project’s lifecycle. For landowners, this means greater security in the lease agreement, timely and reliable lease payments, and the assurance that the project will be managed by a seasoned team with a solid track record in the energy market.