Adding solar energy facilities to a rooftop or a parking lot can put developed land to even more productive use while creating value for a property via a new revenue stream—rent payments—or from the energy savings and environmental benefits realized by using the generated power on site. Though similar to typical commercial leases and to ground leases generally used for larger, ground-mount solar arrays, rooftop and carport solar leases contain several factors that must be carefully addressed during their drafting in order to balance the co-existing uses of a property. In an article for the Daily Journal of Commerce, we provide some key tips and considerations for parties involved in drafting such contracts. Read the full article here.
Originally published by the Daily Journal of Commerce on December 5, 2023.