Solar Mandates for Real Estate Development

Solar Mandates for Real Estate Development
Author: Troy A. Rule
Publisher:
Total Pages: 0
Release: 2015
Genre:
ISBN:

Solar energy development is an increasingly cost-effective way for communities to diversify their energy portfolios, promote local economic growth, and help to protect the nation's natural resources. Recognizing the potential benefits of solar power, state and local governments across the United States have introduced tax credits, subsidies, rebates, and other policies in recent years to promote solar energy within their boundaries. Most of these policies seek to encourage solar energy development by offsetting the real cost to landowners of installing solar energy systems on their properties. Although these valuable programs clearly increase voluntarily solar energy installations within a jurisdiction, many of them can also require substantial government funding. Because of widespread state and municipal budget pressures, such policies are increasingly difficult to enact and maintain at the local level. Fortunately, there exists a way for local governments to significantly increase solar energy installations within their boundaries without bearing the cost: through policies that require citizens to install onsite solar energy systems or contribute funds toward offsite solar energy facilities as a condition to receiving building or subdivision approvals. Because developers and the purchasers of homes or spaces within their new projects bear most of the costs under these “solar mandate” policies, such policies can significantly increase local solar energy development activity with minimal government funding. This Guide describes how local governments can use solar mandates to increase solar energy development and seeks to assist local government officials in adopting such policies in their respective jurisdictions. Built upon the inventive policy efforts of a small handful of cities and counties throughout the country, and consistent with a scope of local building regulation that has existed for decades, the model code provisions accompanying this Guide can be a low-cost and politically feasible way for local governments to accelerate the growth of solar energy development within their communities.

The Real Estate Solar Investment Handbook

The Real Estate Solar Investment Handbook
Author: Aaron Binkley
Publisher: Routledge
Total Pages: 286
Release: 2013-10-30
Genre: Technology & Engineering
ISBN: 1135046468

The Real Estate Solar Investment Handbook explains the business case for property professionals to pursue solar projects. A project’s value is determined by its potential risks and rewards; these are explained thoroughly in terms understood by the real estate industry. This book provides a framework for practical decision-making, with each chapter addressing a step in the process, from project idea to completion. Written from the perspective of the commercial real estate industry professional, it will help investors evaluate opportunities and execute projects that offer solid risk-adjusted investments. For property owners, investors, landlords, service providers, and all those looking to invest in solar on commercial property, The Real Estate Solar Investment Handbook will guide you through all the steps needed to gain years of revenue from a project.

The Real Estate Solar Investment Handbook

The Real Estate Solar Investment Handbook
Author: Aaron Binkley
Publisher: Routledge
Total Pages: 238
Release: 2013-10-30
Genre: Nature
ISBN: 1135046476

The Real Estate Solar Investment Handbook explains the business case for property professionals to pursue solar projects. A project’s value is determined by its potential risks and rewards; these are explained thoroughly in terms understood by the real estate industry. This book provides a framework for practical decision-making, with each chapter addressing a step in the process, from project idea to completion. Written from the perspective of the commercial real estate industry professional, it will help investors evaluate opportunities and execute projects that offer solid risk-adjusted investments. For property owners, investors, landlords, service providers, and all those looking to invest in solar on commercial property, The Real Estate Solar Investment Handbook will guide you through all the steps needed to gain years of revenue from a project.

Solar, Wind and Land

Solar, Wind and Land
Author: Troy A. Rule
Publisher: Routledge
Total Pages: 211
Release: 2014-09-19
Genre: Technology & Engineering
ISBN: 1317671295

The global demand for clean, renewable energy has rapidly expanded in recent years and will likely continue to escalate in the decades to come. Wind and solar energy systems often require large quantities of land and airspace, so their growing presence is generating a diverse array of new and challenging land use conflicts. Wind turbines can create noise, disrupt views or radar systems, and threaten bird populations. Solar energy projects can cause glare effects, impact pristine wilderness areas, and deplete water resources. Developers must successfully navigate through these and myriad other land use conflicts to complete any renewable energy project. Policymakers are increasingly confronted with disputes over these issues and are searching for rules to effectively govern them. Tailoring innovative policies to address the unique conflicts that arise in the context of renewable energy development is crucial to ensuring that the law facilitates rather than impedes the continued growth of this important industry. This book describes and analyses the property and land use policy questions that most commonly arise in renewable energy development. Although it focuses primarily on issues that have arisen within the United States, the book’s discussions of international policy differences and critiques of existing approaches make it a valuable resource for anyone exploring these issues in a professional setting anywhere in the world.

Cash Flowing Solar Developments for Long-term Real Estate Redevelopment Opportunities

Cash Flowing Solar Developments for Long-term Real Estate Redevelopment Opportunities
Author: Stefan James Bird
Publisher:
Total Pages: 123
Release: 2020
Genre:
ISBN:

Imagine an opportunity that has thirty-four acres sitting on a thousand feet of beach and a ten-minute drive from an international airport. Two years after site acquisition, the asset could return all of its equity capital to investors while continuing to pay down debt on the land from a ground lease. This scenario is tested as the basis of this paper’s case study while answering the question on how real estate investors could use a utility-scale solar development to make profitable returns and cover debt service with high investment value flexibility for future redevelopment. This paper is structured to provide a broad overview of the entire solar industry for the perspective of its intended audience: real estate professionals. The components of solar are simple, but tying them together can be complicated. This paper’s first four chapters build on one another providing a broad industry overview, a technical primer, the development schedule, and the economic vehicles that fuel a solar facility’s capitalization. The final chapter’s case study is presented as a business plan for a property with applied due diligence learned in previous chapters. For the first time, perhaps in modern history, people must choose between aspiring to fundamentally change the energy status quo in a half a generation or bear the culpability for reducing the quality of life for future generations. The energy market has already begun to shift from the 20th-century model of monopolistic, centralized generators to smaller, decentralized renewable technologies due to the economics of falling costs. There is a real opportunity to make quality returns while advancing society’s march to a more sustainable future. By the end of this paper, the reader will have the knowledge and confidence to apply skillets they already have to participate in the greatest challenge of our time.

Capturing the Sun

Capturing the Sun
Author: Arash Arbabi
Publisher:
Total Pages: 73
Release: 2020
Genre:
ISBN:

Solar energy has become increasingly accessible. By 2020, forty-two states are expected to reach grid parity. However, most of the 39 million residents who live in 5+ unit multi-family buildings in the United States lack access to alternative, affordable green energy sources such as solar. This thesis recognizes the perception of the lack of financial incentive for the capital providers as one of the key reasons for the slow adaptation and endeavors to assess whether owners and developers of multi-family developments can generate income from solar investment in their communities within the state of Massachusetts. The paper views solar energy through the investors’ lenses and seeks practical solutions while exploring all the applicable federal and state programs to determine the best investment strategy for decision-makers. It reviews the tangible and non-tangible benefits of solar energy in multi-family communities and concludes that there are strategic pathways for the adoption of solar energy at multi-family properties that, in addition to societal and economic benefits for the community, are financially desirable for property owners. In today’s highly competitive market, where innovators are constantly pushing to find untapped value, solar energy not only provides attractive financial returns but also differentiates the asset and enhances its value.