LEASE AGREEMENTS
LEASE AGREEMENTS
Stellent Infra Guide to Solar Lease Agreements
Implementing Solar on Your Property: Essential Agreements
1. Commercial Site Lease Agreement
● Purpose: Property owners
lease rooftop or parking areas to Stellent Infra for over 20 years, enhancing the property's value by generating
consistent, triple-net (NNN) rent.
parking areas to Stellent Infra for over 20 years,
enhancing the property's value by generating
consistent, triple-net (NNN) rent.
● Flexibility: The agreement is fully transferable,
● Flexibility: The agreement is
fully transferable, facilitating smooth property transactions.
facilitating smooth property transactions.
● Tenant Engagement: Tenants are required to
● Tenant Engagement:
Tenants are required to
purchase the electricity generated by the onsite solar systems, ensuring consistent
demand and revenue
purchase the electricity generated by the
onsite solar systems, ensuring consistent
demand and revenue.
2. Power Purchase Agreement (PPA)
● Sale of Power: Stellent Infra sells
● Sale of Power: Stellent Infra
sells solar-generated power to occupants at a rate
competitive with, if not better than, local competitive with, if not better than, local utilities.
solar-generated power to occupants at a rate
competitive with, if not better than, local
utilities.
● Tenant Transitions: Should a tenant vacate,
● Tenant Transitions: Should a
tenant vacate, incoming tenants are obliged to continue purchasing solar power, ensuring continuity.
incoming tenants are obliged to continue
purchasing solar power, ensuring continuity.
● Owner Flexibility: Property owners are not
● Owner Flexibility: Property
owners are not mandated to buy unused solar power if spaces are unoccupied.
mandated to buy unused solar power if spaces
are unoccupied.
● Buyout Options: A buyout option is available
● Buyout Options: A buyout
option is available after the fifth year, offering an opportunity for outright.
after the fifth year, offering an opportunity for
outright.
Why Plan Ahead? Incorporating solar energy into real estate projects was often treated as an afterthought, leading to costly and time-consuming amendments to existing agreements. By proactively incorporating solar-ready clauses in lease and loan documents, you streamline future installations, save on potential modification costs, and enhance financing options.
● Power Source Specification: Clearly state that the landlord may install solar panels and specify that the
● Power Source Specification:
Clearly state that the landlord may install solar panels and specify that the tenant will purchase the power through a Power Purchase Agreement.
tenant will purchase the power through a Power Purchase Agreement.
● Cost Assurance for Tenants: Assure tenants that their electricity costs will not exceed current rates, or may
● Cost Assurance for Tenants:
Clearly state that the landlord may install solar panels and specify that the tenant will purchase the power through a Power Purchase Agreement.
even be reduced, enhancing the attractiveness of solar upgrades.
even be reduced, enhancing the attractiveness of solar upgrades.
● Tenant Coordination: Work closely with tenants and property managers to minimize disruption during the
● Tenant Coordination: Work
closely with tenants and property managers to minimize disruption during the solar installation.
solar installation.
● Structural Assessments: Prior to installation, verify the structural integrity of your property to support the
● Structural Assessments:
Prior to installation, verify the structural integrity of your property to support the
additional load of solar panels.
additional load of solar panels.
● Early Discussions: Inform lenders early in the loan negotiation phase about potential solar installations to
● Early Discussions: Inform
lenders early in the loan negotiation phase about potential solar installations to
facilitate financing considerations.
facilitate financing considerations.
● C-PACE Financing Consent: Seek lender approval for future Property Assessed Clean Energy (PACE)
● C-PACE Financing Consent: )
Seek lender approval for future Property Assessed Clean Energy (PACE)
financing, which may involve property tax liens to fund energy upgrades.
financing, which may involve property tax liens to fund energy upgrades.
● Equipment and Easement Consents: Ensure lenders are agreeable to having third-party-owned solar
● Equipment and Easement
Consents:
Ensure lenders are agreeable to having third-party-owned solar increasingly eco-conscious commercial market.
increasingly eco-conscious commercial market.
● Enhanced Property Value: Proactively planned solar installations can significantly increase the value of
● Enhanced Property Value:
Proactively planned solar installations can significantly increase the value of your property.
your property.
● Reduced Operational Costs: Solar power can dramatically reduce building operational costs, directly
● Reduced Operational Costs:
Solar power can dramatically reduce building operational costs, directly benefiting tenants and making properties more marketable.
benefiting tenants and making properties more marketable.
● Sustainability Goals: Meet Environmental, Social, and Governance (ESG) criteria, appealing to an
● Sustainability Goals: Meet
Environmental, Social, and Governance (ESG) criteria, appealing to an
increasingly eco-conscious commercial market.
increasingly eco-conscious commercial market.
Contact Stellent Infra today to explore how solar leasing can transform your property.
Our team is ready to provide comprehensive consultations, tailor agreements to your specific needs, and guide you through the entire process, ensuring you maximize your investment while contributing to a sustainable future.
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Our mission is to empower commercial property owners, homeowners, businesses, and communities to become energy independent, reduce carbon footprints, and save on energy costs. At Stellent Infra, we are dedicated to harnessing the power of the sun to provide innovative and sustainable solar energy solutions.
Driven by a commitment to sustainability, we continuously innovate to improve the efficiency and affordability of solar technology. Join us in making a positive impact on the planet and shaping a greener, more sustainable future.
OFFICE:
5729 Lebanon Rd,
#144210,
Frisco, TX 75034
HOURS:
Mon – Fri
8:00 AM – 5:00 PM CST
CONTACT NO.:
(972) 645-4321
STAY IN TOUCH
© 2024 Stellent Infra
All material presented herein is intended for information purposes only.
Our mission is to empower commercial property owners, homeowners, businesses, and communities to become energy independent, reduce carbon footprints, and save on energy costs. At Stellent Infra, we are dedicated to harnessing the power of the sun to provide innovative and sustainable solar energy solutions.
Driven by a commitment to sustainability, we continuously innovate to improve the efficiency and affordability of solar technology. Join us in making a positive impact on the planet and shaping a greener, more sustainable future.
OFFICE:
5729 Lebanon Rd,
#144210,
Frisco, TX 75034
HOURS:
Mon – Fri
8:00 AM – 5:00 PM CST
CONTACT NO.:
(972) 645-4321
STAY IN TOUCH
© 2024 Stellent Infra
All material presented herein is intended for information purposes only.