Rooftop Solar is the Ultimate Building Upgrade and investment you can make in your property. Why? Because rooftop solar fundamentally changes your balance sheet without sacrificing productive real estate. Rooftop Solar is a huge lever for your business to increase profitability and hit sustainability goals. Here is how Rooftop Solar changes your building:
Rooftop Solar saves money and space
Fundamentally, rooftop solar saves money or increases revenue for your property. Solar panels produce energy at a lower cost than you are paying the power company, this lowers operating expenses and preserves your company’s profitability. You get this savings without sacrificing productive space in your building. The rooftop is unused square footage and traditionally treated as a liability, rooftop solar makes this area a cash generating asset.
Saving money on power reduces your operating expenses but increasing revenue has the same effect – it will increase your building value.
Saving money on power will increase your building value.
Rooftop Solar increases building value
Building value is the determined by dividing the net operating income of the building by the cap rate . Net operating income (NOI) is a calculation used to analyze the profitability of income-generating real estate investments. This calculation also works for owner occupiers. How does this work? If you increase revenue (per square foot) or decrease operating expenses, it has the same effect – it increases net operating income of the property.
The higher the net operating income, the higher your building value. A building that generates its own power is more valuable and we can show you how it will tangibly improve your property. This is unlike roofing costs which can be a significant capital expense most try to avoid for as long as possible. However, Rooftop Solar can help that too.
Rooftop Solar can save money on roofing costs
If your rooftop is new or recently installed, you may be ready for Rooftop Solar as is. Solar will last 20+ years and the last thing you want is to pay to reinstall solar if you need to do roof work. If need a new roof, even if you have no intention of installing Rooftop Solar, you are in for a major expense. Many companies prefer to maintain the existing roof to delay major repairs and capital expenses for as long as possible. This is reasonable, however Rooftop Solar may provide the edge you need to take care of that problematic roof once and for all. How can rooftop solar help?
If you complete a major rooftop rebuild or replacement at the same time you install Rooftop Solar, you may be eligible to get the lucrative solar investment tax credits on total project costs, including the roof. DGEN Energy Partners offers opportunities and guidance on how to get discounted or FREE SOLAR when you install a new roof. Contact us for more info .