- 2.5 MW Solar Capacity
- 1,400+ Tons Annual CO₂ Equivalent Avoided
- 3 Million+ kWh Annual Energy Production
Realterm Generates Long-Term Revenue Through 2.5-MW Solar Site Lease
Realterm is a leading investment manager of transport-logistics real estate and infrastructure. Through its portfolio of high-throughput distribution facilities, the firm supports the supply chains that keep goods moving across the world by land, air, sea, and rail. Realterm is also focused on the sustainability of its real estate portfolio, aiming to achieve net-zero Scope 1 and 2 emissions by 2050.
Monetize Warehouse Roof Space Without Taking on Additional Cost or Risk
Realterm sought to monetize a 27,000-square-foot final-mile distribution warehouse in New York beyond the lease revenue the company received from its commercial tenants, Amazon being one of them. At the same time, the firm wanted to make continued progress on its carbon-reduction goals. A rooftop solar energy system was a natural fit for the flat-roofed, expansive warehouse, but Realterm was careful not to incur the full cost and responsibility of installing and maintaining the asset.
A Turnkey Solar Site Lease With No Capital Outlay
INSTALLATION TYPE
- Rooftop Solar
INSTALLATION SIZE
- 2.5 MW
LOCATION
- Elmsford, NY
ANNUAL ENERGY PRODUCTION
3,037,906 kWh
INCENTIVES
Investment Tax Credit • Accelerated Depreciation
Partnering with PowerFlex, Realterm opted to install a 2.5-megawatt (MW) rooftop solar array that not only generated clean energy but also additional income for the firm.
The project was structured as a solar site lease: PowerFlex handled system design, permitting, construction, and interconnection while a third-party, DSD Renewables, came on as the project owner and investor. DSD pays lease payments to Realterm for hosting the solar system on the roof and is entitled to all the resultant benefits, including federal tax credits, accelerated depreciation, and utility cost savings.
The net-metered solar array now produces more than 3 million kWh of clean electricity each year, avoiding 1,417 tons of carbon dioxide equivalent annually.
