A new rooftop solar panel system at a Monroe industrial building is up and running, under a project by landlord J.G. Petrucci Co. Inc. and installer Solar Landscape.
As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.
We provide lease payments for roof space to commercial and industrial real estate owners with no impact on the property’s tenant. The renewable energy we generate on those roofs is fed directly into the grid to be used by New Jersey residents. We also build solar projects that provide discounted electricity to a property tenant that can also involve a lease payment paid to the property owner.