HOW DOES THIS WORK?
Ecogy pays you an annual rent check in exchange for generating solar energy on your property.
Ecogy owns, operates, and maintains the solar system year-round.
Leasing space is the preferable route for commercial businesses compared to owning the system and consuming the energy themselves as it allows you to get the benefits of solar while we take on the risk, time commitment, and project coordination. This includes all upfront and ongoing costs, operations, maintenance, insurance, administration and taxes.
Our typical term is 15-25 years and it is explicit in our contract that we will restore your property to its original condition when the lease term is over.
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NO SPACE FOR SOLAR?
Thanks to community solar, you can now subscribe to purchase renewable power from a
local solar project. Start saving 10-20% off of your monthly electric bill by signing up for community solar.
OUR ADDITIONAL OFFERINGS:
FIX MY ROOFTOP
Want solar but worried about the structural integrity of your roof? Ecogy can front-load a portion of our annual lease payments for the necessary remediation.
Ecogy would like to rent the air rights over your parking area to host solar powered shade canopies. Our canopies are custom built to your specifications to maximize parking space and provide an additional barrier between the vehicles in your lot and the elements.
Our new Energy Monitoring Software Suite the Econode generates real time consumption data for your facilities. By providing a comprehensive view of your energy usage, the Econode gives you the insight needed to better manage your facilities, at a fraction of the cost of today’s building management systems.
STORAGE FOR RESILIENCY
With peak shaving, we reduce your power consumption quickly and for a short period of time to avoid spikes in consumption. This is either possible by temporarily scaling down production, activating an on-site power generation system, or relying on a battery. With Load Shifting, dedicated generators or electricity storage facilities owned by the power consumer can be used to bridge high-price or high-load phases.
OUR PROJECTS AT A GLANCE
Wilmington Housing Authority
W.H.A. (Wilmington Housing Authority) is the largest direct provider of affordable housing in Delaware. This project is a 1.15MW ground-mount that was selected as a model to expand low-income access to solar in the urban environment. WHA is guaranteed to save over a million dollars over the life of the project.
Tempel Beth El
Tempel Beth El is a 210 kW system for a local synagogue in Stamford, CT. “This system will save 70 percent of our energy and relieves pressure on the grid,” - Steve Lander, Executive Director. The solar project is dedicated to Norma Mann, a woman who spent decades as a leader and congregant at the synagogue.
THE 360 DEVELOPMENT PROCESS
From origination to operation, Ecogy's team of industry experts brings distributed energy projects through the full development lifecycle. We partner with local businesses and communities to provide customized energy solutions.
Ecogy offers the entire capital stack. Whether it is development or working capital, tax or sponsor equity, Ecogy strategically deploys capital at any stage to bring projects to completion.
We work with local engineering and construction firms to ensure firsthand knowledge of the community landscape. Coupled with expert project oversight and internal procurement, our platform optimizes efficiency throughout the permitting, planning and construction processes.
Our in-house asset management team, proprietary monitoring software, and experienced O&M partners enable our portfolio to achieve optimal performance-increasing returns and energy savings for our clients.
FREQUENTLY ASKED QUESTIONS
Who has Ecogy worked with in the past and how long have you been around?
Ecogy was founded as a developer, financier and owner-operator of distributed generation resources in 2011 with our first project for Longwood Gardens, the nation's largest botanical garden. Since then, we have found our niche specializing in financing distributed generation assets for traditionally underserved entities including affordable housing, non-profits and municipalities. Our current portfolio comprises over 35 systems across 6 states, D.C. and the U.S. Virgin Islands. Our most recent projects were for Howard University in D.C., the Wilmington Housing Authority in Wilmington, DE, and the Town of Lyndhurst, NJ.
Am I able to host a community solar system and also subscribe to it to save on my energy bills?
Absolutely. In this case, hosts of community solar systems will receive the guaranteed lease payment in addition to energy savings on their electric bills. Moreover, Ecogy will provide a comprehensive marketing and PR campaign including drone videography and a "Flip the Switch" celebration ceremony.
What happens if I decide to sell the building?
If you were to decide to sell the building at a future point, the lease agreement could simply be transferred and assigned over to the new owner similar to any other lease arrangement. Additionally, having this lease agreement in place actually makes your property more attractive to potential buyers as there is already an income-opportunity established through the revenue-generating system.
How does Ecogy offer no-cost solar?
Ecogy is unique in that we have internal capital to develop, finance, and own & operate these projects. Rather than sell you on a very expensive solar system, we want to pay you to host one of our own - all on our dime. We believe it's a better option for us to own and operate these systems due to our veteran team of asset/energy managers, software architects, and experience managing a portfolio of a variety of projects.
How will the system impact my roof?
Any damage we cause we are liable for. When feasible, we use ballasted, non-penetrating racking solutions for flat-roofs and non-penetrating clamp racking for standing seam roofs. These systems are simply weighed down by concrete blocks avoiding any penetrations to your roof - minimizing any risk.
Further questions? Give us a call! Our development team will happily assist you.