According to the US Department of Energy, roughly 75% of homeowners and businesses can’t go solar. Some of the more popular reasons why so many are barred from harnessing clean and free sunshine is because:
- Their roofs are too small or facing the wrong direction.
- Their properties receive too much shading from nearby obstacles.
- They rent their properties and can’t get the landlord’s permission to go solar.
This trend is especially pronounced in New York – a state with tons of renters, lots of urban areas, and limited rooftop space.
However, this problem represents an extremely lucrative opportunity for landowners throughout New York.
With the right approach, you can:
- Rent out unused parcels of land for solar development.
- Receive passive income every month – without lifting a finger.
- Protect the planet by offsetting CO2 and other greenhouse gases.
And all of this is possible thanks to the rise of community solar.
What Is Community Solar – and How Does It Work?
With community solar, local homeowners and businesses collectively finance a shared PV installation on your unused land – usually a 2MW system spread across 10+ acres of area.
These are people who want to go solar. But they can’t install panels on their own properties for the reasons listed above.
The clean electricity generated from this shared solar installation goes into the grid in exchange for utility credits. These credits are sold to the community solar stakeholders at discounted rates, meaning they save money. Their clean power investments also help to eliminate pollution by reducing the community’s reliance on electricity generated from fossil fuel sources like oil, natural gas, and coal.
In other words, these community solar customers enjoy the same financial and environmental benefits they would have received if they had installed PV panels on their own properties.
But as the landowner, you also benefit:
- You receive regular rental payments every month. This is passive and recurring revenue that continues to arrive like clockwork.
- YSG Solar covers the full cost of installing, servicing, and maintaining the community solar installation. You don’t have to spend a single dime to get started.
- YSG Solar also takes care of permits, inspections, approvals, and grid-connections. Let us do all the heavy lifting on your behalf.
Does Community Solar Make Sense for You?
If you have unused land, you’re not simply leaving money on the table. You’re actually losing money once you factor in property taxes and general maintenance.
Why not monetize that land instead and do something positive for the environment.
Done correctly, community solar can deliver:
- More cash in your pocket every month.
- Cleaner air and water for everyone else.
And with YSG Solar, it costs nothing to get started.
Ready to Take the Next Step?
To learn more about community solar opportunities for landlords in New York, be sure to read this useful guide from the state’s Energy Research and Development Authority.
To discover how YSG Solar can transform your unused land into an income-generating machine, schedule a free appointment with our team today.