The option allows the operator to inspect and test the roof and conduct other research that the operator deems necessary to ensure that the site is suitable for a solar PV installation and that the building owner is able to grant it a lease. There is no doubt that a FIT can be a great way to put your unused roof area to good use while collecting rent. By doing your homework and carefully checking the leases, you can benefit from green solar power generation while knowing that all your financial bases are covered. Solar roof leasing is one of the three basic ways you can make money with solar power from your roof. The other two include owning and operating solar panels on your own roof and the common risk with a developer who installs the solar modules and shares the revenue with you. Whereas today, a property owner may not have the resources to invest in a roofing installation. They might still be interested in getting some income from solar energy by renting their roof space to a developer – and making money while discovering the benefits of installing solar energy in their building. Before participating in a roof rental agreement for a solar PV installation, please note the following four facts: In addition, the lease may provide that the tenant pays for his electricity consumption and for all real estate taxes related to the solar PHOTOVOLTAIC installation. Many roof rental contracts may seem lucrative at first glance. However, some important facts must be taken into account by the project owners before signing on the points line and making a commitment of several decades. Ignoring these realities could turn a potential cash cow into a fire-giving dragon that could seriously harm the end result. In this section, we mainly focus on what you need to know if you are considering renting solar roofs.
The lease must meet the need for installation, roof repair and exchange. Issues such as notification to the tenant, work period, moving solar PV equipment during repair or replacement, and compensating the tenant for lost earnings during repair/replacement are important. In order to obtain financing for its equipment, the lessee may be obliged to assign the lease as security to its lender and must consent to the lessor to enter into an agreement with the lessee`s lender, allowing the lender to heal a default of the lessee under the lease agreement and obtain a new lease under the same conditions, if the lease is terminated without the lender`s agreement (e.g. .