With high energy use, millions of large, unshaded rooftops ripe for solar systems, and plummeting renewable energy prices, the multifamily building sector in the U.S. has great potential for solar energy production and consumption.
Even in a state without many incentives to make the switch, going solar can increase property values, result in a more stable operating budget, reduce expenses, and improve a building’s attractiveness to tenants according to the N.C. Clean Energy Technology Center. Multifamily properties tend to have established, long term owners who would benefit from the ROI. Though unlike a residential home, adding solar to a multi-family building can be complicated with multiple meters and shared roof space.
So, how can property owners, managers, condo owners, and even renters gain access to the savings and stability associated with renewable energy?
