If you’re a real estate developer and you’re interested in a solar energy system, now’s the time to act while solar rebates, tax credits, and incentives are at an all-time high. At the same time, a solar energy system can prepare your organization for the unique challenges of tomorrow while saving you money today. Interested in some of the other key benefits that are convincing more real estate developers to make the switch? Let’s get started.
Attract a New Tier of Clientele
The market is ripe for tenants and residents looking to take advantage of renewable energy sources. When your development can boost solar energy infrastructure, you can appeal to an untapped demographic of clients who are willing to pay more for clean energy. At the same time, you can protect tenants and residents by hedging against volatile energy markets. Real estate developers are using solar energy systems to retain tenants, raise rents, and even cut costs for businesses and homeowners. Either way, incorporating solar energy into your infrastructure is a key asset you can add to the list of amenities that attract and retain tenants.
Financial Incentives and Tax Credits
As the government works to support the budding solar industry, tax credits and other incentive programs offer numerous ways to finance your clean energy initiatives. However, these programs may not last much longer, so now is the time to act if you want to maximize the return on your solar investment. In some cases, you may even be able to leverage your financial incentives to generate positive cash flow.
Minimal Opportunity Costs for Solar Land Development
One of the most substantial benefits of adopting solar is the opportunity costs for real estate developers are minimal. That’s because solar installations are usually deployed on unused vacant land or in unoccupied areas such as rooftops. Since you can use a solar system to maximize your unused space, you really don’t have much to lose and a lot to gain. Chances are, you already have areas you could use to capitalize on solar power without costing your organization anything.
Return on Your Investment
Unlike a traditional energy system, solar energy systems are designed to deliver a full return on your investment. If you choose a conventional energy system, that’s considered the cost of doing business, and you wouldn’t expect to see a direct return on the expenditure. With a solar energy solution, on the other hand, you can expect your investment to pay for itself and potentially make you money in the long run. If you have the capital to invest in solar energy today, you’ll be glad you did when tomorrow comes.
Ready to Make the Switch?
If you’re a real estate developer who’s interested in experiencing the benefits of solar energy, contact the experts at Verogy today. We’ve already helped real estate companies across Connecticut maximize the value of their developments simply by integrating clean energy into their electrical grids, and we’re ready to help you next.