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 * Home
 * About Us
 * Services
   * Communicate
   * Documents
   * Cloud
   * Corporate Wellness
   * Access Control
   * Storage
   * Security
   * Network Security
 * Intergro Energy
   * Solar and Back Up Power Solutions
   * Power Generators
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 * Home
 * About Us
 * Services
   * Communicate
   * Documents
   * Cloud
   * Corporate Wellness
   * Access Control
   * Storage
   * Security
   * Network Security
 * Intergro Energy
   * Solar and Back Up Power Solutions
   * Power Generators
 * Contact Us


HOW SOLAR POWER CAN INCREASE YOUR COMMERCIAL PROPERTY VALUE

by Justin Hayward | Sep 7, 2022 | Energy

Editor’s Note: In February 2022, SunPower’s Commercial and Industrial Solutions
business was acquired by TotalEnergies. If you are interested in exploring
sustainability options for these industries, please
visit https://totalenergies.com/.

Listing the many benefits of commercial solar energy for business is easy but
quantifying their value can be more challenging. The impact on property value is
a prime example. While it’s likely true that a building equipped with
high-quality solar panels for commercial property is more valuable than a
facility that relies on fossil fuel-generated energy, determining exactly how
much more valuable can be complicated. If increased property value is an
important factor to your organization in justifying the cost of commercial solar
panels, this article may help.

To start, let’s take a quick look at non-commercial, residential solar
installations. A study performed by Zillow indicated that homes with solar
panels sell for 4.1% more than comparable homes without them. While some reports
indicate a similar correlation for business property valuations, not enough
studies have been conducted to verify comparable findings for commercial sites.
Still, the general takeaway is apparent: Adding solar power has the potential to
increase a property’s selling price.

The specific impact of solar on commercial property value largely depends on the
answer to each of the following questions:

Does the organization installing solar power own the building/property for the
project? As one might expect, the greatest potential value-add occurs when the
organization adopting commercial solar power owns the site and the solar
equipment being installed. Buying the commercial solar equipment outright gives
owners access to any possible tax incentives, reduced energy expenses and
potential for claiming renewable energy credits (as well as the ability to
promote the green attributes of their solar system). Increased commercial
property value is also part of that benefit list.

How does a leased property deliver the benefits of commercial solar? Many
organizations rent their commercial facilities, but that doesn’t mean they can’t
benefit as well. Most of the costs of the property (e.g., insurance, property
tax, utilities) are paid for by the lessee (or flow through to them in the form
of higher rent). Installing commercial solar could reduce the energy costs the
lessee would have to pay—and allow them to benefit from positive public
perception by having solar on their site.

What is the added value for property owners who provide solar energy for
tenants? Here are some benefits that renters can bring up when trying to
convince a landlord to install commercial solar:

 * Tenants enjoying lower electricity bills may be more satisfied and willing to
   stay longer, reducing the time and expense of finding new renters.
 * Properly-structured PPAs or solar lease deals can potentially be transferred
   to new tenants if the original lessee leaves, making the property more
   attractive to potential commercial renters.
 * Properties with a solar installation could also benefit from the growing
   number of organizations taking corporate social responsibility more
   seriously.

Are there any “softer” benefits of going solar that ultimately have an indirect
impact on property value? Another less obvious but noteworthy consideration is
the fact that few things say “environmental awareness,” “social responsibility”
and “progressive thinking” like visible commercial solar panels. In addition to
improving public image, a commercial solar system offers all the benefits and
cost savings of going green, while also updating a building’s physical
appearance. In general, better-looking properties yield increased property
values.

In summary, when evaluating the advantages and disadvantages of commercial
solar, property value is something that should be factored into the equation.


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