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Rooftop Solar Leases
By Gabriel Schnitzler
As photovoltaic solar costs have dropped, and with the support of renewable portfolio standards and incentives from federal, state, and local governments, rooftop solar installations on commercial properties have become more attractive.
From the solar developer’s perspective, rooftop solar photovoltaic (PV) projects have three key advantages over PV projects built on undeveloped land: First, since rooftop installations occur on previously disturbed land with minimal changes to the profile of the existing structure, these projects can avoid the lengthy, costly environmental analysis and land use approvals that can be required to develop new land. Second, as rooftop installations are located on existing buildings and in developed areas, such sites can take advantage of…