Ecogy will rent parking lot space in exchange for hosting our Solar Canopy Systems and is comfortable front-loading our lease payments upfront in order to help property owners fix or repair their parking lots and pavement.
In addition to a significant upfront payment towards repairing your lot, your property will also get an ongoing lease payment; all while Ecogy takes on all costs, maintenance and responsibilities of the Solar Canopy System.
Solar Canopy Systems can include the inclusion of electric vehicle charging stations, LED lighting, and security camera systems.
Best Suitable for: Parking Lots, Parking Garages, Industrial Lots, Loading Docks
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CASE STUDY: ECOGY LYNDHURST
VIDEO TOUR:
Location: Lyndhurst, NJ
System Size: 444 kW
Installation Type: Parking-Lot Canopy
Completion Date: 2018
Ecogy Lyndhurst is a 444 kW project consisting of 7 parking lot canopies serving the Town of Lyndhurst, NJ and sited at the Town Recreation Center.
BENEFITS OF RENTING SPACE:
SAVES TIME AND MONEY:
Building and operating a solar system is expensive and time consuming - Ecogy saves you time and money by handling all responsibilities and costs of the solar system so you can focus on your core business.
Your payment is not weather dependent:
If it’s cloudy all year, you still get paid as if it were sunny every day. By modeling the generation of your system ahead of time, we lock in a guaranteed fixed-rate payment for your business. If we don’t meet your production quota, your payment remains the same!
Financial Flexibility:
Ecogy can front-load a portion of our annual payments to make cash available to your business now. Whether that be for a repaving, restriping parking lines, increasing lot size or other capital improvement projects, we're here to help support our clients.
Additional Resources:
As your new business partner, we grant you access to our suite of renewable energy resources. This includes a website with real-time data to visualize performance and environmental benefits of your system, a lobby kiosk to highlight the system and public website, a formal ribbon cutting ceremony with local and state officials, a press release distributed to local and national media outlets, drone photography & videography of your facility, and customized marketing materials to promote your new system and ribbon cutting ceremony.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 40 systems across 9 states, D.C. and the U.S. Virgin Islands.
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 pavement?
Any damage we cause we are liable for. Our foundations are in between parking rows or on the edge of the curb - allowing for minimal disturbance to the lot. Any trenching needed to complete the project will be repaved at our cost.