Environmental Services - San Francisco, California, United States
EcoVolt leases unused roof space from commercial landlords (similar to cell tower leasing). We install solar and then sell electricity to the landlord's tenants. We pay the landlord a percent of our gross sales as rent. For no capex expenditure, a multi-tenant property owner adds value to his property by a cap rate multiple of our "roof rent" payments. We also rent roof space on other commercial/residential properties. We install the solar, deliver electricity to the property's occupants, and pay our roof rent payments in the form of a cashback rebate.Other solar firms sell solar equipment as a capital investment. Their pricing is based on am implied interest rate. EcoVolt sells solar electricity to building occupants as a managed service (same as your local utility) at a price discount indexed to the local utility's pricing.
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