REV helps real estate clients provide onsite generated solar power directly to Residents and Commercial Tenants. This service, often called multi-tenant solar or shared solar, increases Net Operating Income without increasing rents while also providing savings to tenants.
The process for offsetting Tenant electric load involves placing all electric meters in the name of the Owner. The Owner then offsets the majority of tenant electric costs with onsite solar generation and charges tenants for the full amount of electricity used less a 5-10% discount. This results in revenue being redirected from the utility company to the Owner and providing a return on investment for the Owner.
REV has been retained by some of the largest Real Estate Investment Trusts in the U.S. to implement Resident Solar projects. These projects indicate that it is possible to provide discounted green energy to Residents, offset Scope 3 emissions, comply with California Solar Mandates, and achieve returns accretive to the return of the real estate asset.