Unlocking The Potential Of Commercial Rooftop Solar
that are suitable for solar panels. If fully utilized, they could generate 25 percent of all the electricity used in commercial buildings in the United States and about 10 percent of all electricity generated in America.
may seem like a no-brainer, there are challenges, some of which are related to the IRS code. It can be challenging for REITs to take direct advantage of federal energy tax credits for installing solar. While the Inflation Reduction Act included a provision making it easier for REITs to benefit from the sale of tax credits, there remain significant barriers preventing REITs from deploying solar at scale.
At the present time, the only states that have enacted laws that permit community solar on commercial buildings are New York, New Jersey, Illinois, Massachusetts, Maryland, California, Minnesota, Connecticut, and Virginia.is a good idea for a particular roof is to determine whether it is in a viable location, the age of the existing roof, whether tenants, lenders, and partners consent, and making sure the property is not a redevelopment candidate.
Morgan Stanley says that to align with a net-zero pathway, “non-residential and residential buildings must reduce emissions from purchased electricity by 75% and 65%, respectively, according to our analysis of data from the IEA’s net-zero trajectory for buildings. Rooftop solar installations could meaningfully advance progress toward net-zero targets.”
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