Publications

- March 1, 2021: Vol. 14, Number 3

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The solar power revenue opportunity for local governments: Monetizing your real estate assets through a solar power project can create additional revenue streams and unlock capital for alternate uses

by Jones Lang LaSalle

Across the United States, countless states and municipalities have made great progress toward achieving aggressive renewable energy goals. Between 2015 and the first quarter of 2020, U.S. cities signed 335 renewable energy agreements totaling 8.28 gigawatts (GW) of power. If your community is among the many that need to boost renewable energy use, one popular option is to monetize your real estate assets with a solar energy installation.

Monetizing your real estate assets through a solar power project can create additional revenue streams and unlock capital for alternate uses while helping attain sustainability and other policy goals. Leasing land or rooftops to solar power developers is a proven approach to generating revenue while benefiting the larger community.

For example, one of the five largest U.S. transit agencies, Washington Metropolitan Area Transit Authority (Metro), is partnering with a solar energy provider to install 17 acres of solar panels in one of th

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