COMMERCIAL LANDLORDS

We Make Solar Easy and Lucrative for Commercial Landlords

Free solar installation

Additional revenue stream

EPC rating increase

Fully managed, insured and maintained

Commercial real estate developers, investors and managers can all benefit from rooftop solar without the hassle. With our Solar as a Service offering you can earn additional revenue from solar installed on your commercial properties roof, while also benefiting from the EPC improvement it provides, making your property more attractive to commercial tenants.

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The benefits for you

Zero upfront cost

There is no upfront cost for the system –
we fund it for you.
You don’t need to secure any loans either,
keeping your balance sheet clean

Revenue share

You get a revenue share from the energy
sold to your tenants, depending on your
preferences. This can be boosted if you
choose to co-invest in your solar
installation.

EPC improvement

Your property gets a free EPC
improvement from our solar install, which
will help you meet the tightening EPC
regulations and decrease the amount
you might have otherwise have had to
spend to meet these regulations.

Green your portfolio

You get the benefits of rooftop solar on
your property, while helping to make your
portfolio more green – all without taking on
the long term risk of investing in your own
solar system.

Hassle free

We do all the planning and manage the
installation. We provide the ongoing
monitoring, management, insurance,
cleaning and maintenance.

Attracts new tenants

Our solar PA’s start from as little as 3
years, with costs as low as 14p/kWh.
They even come with a Price Guarantee,
ensuring that your tenants are not paying
over the odds for their clean energy.

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How it works

We install solar on your building and don’t charge you anything. We manage and maintain the solar system for you. We deal with any licencing requirements, so you don’t have to. The system is insured and cleaned as required. We work directly with your tenants to provide them with a power purchase agreement (PPA) for cheaper, greener energy.

If your tenant moves out, we provide the energy to your new tenant when they move in and don’t charge you anything while the property is empty, like other PPA providers would.

If you decide to sell the property, you can pass on the lease to the new owner. As there is no financial risk, with a potential revenue upside, this is easy to do.

When the system reaches end of life, we recycle it, so you are not left with this cost yourself, like other PPA providers.

If you want to own it, we provide an option to buy the system from us. Terms and conditions apply.

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We make it easy for you

One contract

We use common contract terms to lease
the airspace above your roof from you for
the life of the system.

We work with your commercial tenant

We deal with your commercial tenant and
have an agreement with them to buy the
energy generated by the panels.
We deal with all contract renewals and
tenant change overs with regards to the
solar energy PPA’s.

We manage the system

We manage and maintain the system so
it operates at peak performance at all
times.

We fund the system

There are no upfront costs and no need to
spend your own CapEx, have any loans
or leases. Although, there is the option to
co-invest if you prefer.

We plan the system

We look at your commercial tenants
energy needs and design a system that
works for the building and for their energy
needs.

Clean energy

We provide you with a commercial
rooftop solar system so your building has
an improved EPC rating.

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Revenue share option

We can pay you a revenue share of the solar energy sold to your tenants from the commercial solar system installed on your roof.

You can choose the percentage of revenue share you want/need applied, up to 10%. Many landlords choose not to take a revenue share, or to keep the revenue share low as it incentivises tenants to stay in the building. However, the choice is yours.

You also have the option to co-invest from 20% to 100% of the solar installation cost to increase the revenue you can earn. If you invest less that 100%, we will treat the investment as a loan and pay you an interest rate, on top of the revenue share. If you choose to invest 100% of the costs then we can either treat this as a loan, or act as a management company for your solar installation.

FAQ’s

1. How much does the installation cost?

Nothing, we fund all the equipment and the solar installation. There is no upfront cost to you.

2. Will there be any ongoing fees?

No, landlords do not pay any ongoing fees.

3. How much will you charge me for solar energy?

Once the contract is signed with both you and your tenant, we will work to secure the required funding. Once achieved we will contact our installers and depending on a few factors it would typically be installed within 5-9 months. The actual install takes 2 – 6 weeks depending on the size of the solar install. In the current economic climate, funding is harder to secure, which can delay these timelines somewhat. Either way, we will keep you fully informed throughout the process.

4. Will your solar system produce a better ROI compared to us purchasing our own solar?

This depends on many factors, although, if you are planning to continue to rent your property out for 30+ years and are willing to fund the solar install, embrace the extra work required to maintain the solar system, deal with billing for the service to your tenants and take on the additional risk as tenants come and go, project risk, etc, then you may find this produces a better ROI over the long term, assuming most of this goes right. Additionally, if you manage a large commercial portfolio of properties and plan to install solar on many of them, you may need to register as an Energy Generator, to comply with regulations.

5. How much will I receive in the PPA revenue share?

We do not prescribe a set amount as each site is very different. The landlord can choose to forego the revenue share altogether, which will provide the cheapest energy option for their tenants, which can make the property more attractive. The percentage can also flex over time based on market conditions, if the landlord wishes. However, we typically suggest that something around 10% provides a good balance, so if the solar system was producing 100,000kWh’s of energy at a cost of say 20p/kWh, then the landlord would earn around £2,000 per year from the revenue share.

6. If I co-invest, how much will I earn?

There are various options for co-investment, so it will depend, but if you invested 100% in a solar system that was producing 100,000kWh’s then your investment would be approximately £120k and it would return around £16k per year, if your building remained occupied. Paying off your initial investment within 7 years.

7. What happens if my tenant no longer want to buy the solar energy from you?

All your tenants will be required to purchase the solar energy from us for the duration they remain in the property, up until the solar system reaches its end of life. However, we do provide a Price Guarantee, which means we will always beat or at worst match the rate they are currently paying to their Energy Supplier, giving them the peace of mind that they won’t be over charged and ensuring that your property remains competitive. The first tenant we serve will be secured via our PPA and you will be required to add the appropriate terms to your lease for any new tenants. We will provide the required wording for this.

8. Will it be harder to sell my property if I have Solar as a Service?

Unlike other rooftop solar PPA’s, we do not require the new owner to agree to purchase our solar energy (and don’t require you to pay out for all future energy generation expected over the life of the solar system) and so you do not need to pass this risk on, when you sell your property. This makes it easier to sell compared to having another solar PPA solution, however, there will be some additional paperwork required to transfer the lease agreement, which we can help with if needed. You will also have the option to purchase the solar system if you wanted.

9. Our leases are full repairing and insuring (FRI) leases, is this an issue?

No, we will need to make some changes to your existing leases via an addendum for any that are affected, but this is relatively easy to do, as all parties benefit from our Solar as a Service offering and we will provide the required paperwork for this.

10. What happens if the new tenant doesn’t want to buy the energy

If you decide to sell your property then the rooftop lease can be easily transferred. Assuming the same tenant remains in the property then we will continue to sell them the energy as already agreed. If there is a new tenant as part of this sale then they are not obliged to enter into a PPA agreement with us, although as we typically offer solar energy at a lower price compared to the grid, why wouldn’t they.