As the world's economy suffers through what feels like a
long, cold, lonely winter, landowners are turning to solar power to
generate revenue and offset costs. Technology and financing
mechanisms make solar projects particularly attractive when other
planned projects have stalled. Solar projects can (i) be installed
at improved properties and on vacant land, (ii) utilize tax credits
to offset infrastructure installation costs, and (iii) make real
estate developments more marketable and sustainable. Landowners
need to understand certain basic principles to properly evaluate
which properties realistically can take advantage of these
benefits.
Land Of Opportunity
Solar panels can be installed in areas of existing developments
that can support the heavy panels or on vacant land. Owners of
existing developments of all asset classes, from shopping center
developers to residential developers, are implementing solar panels
primarily on rooftops and in unused parking areas
