I'm Back
Spent the summer growing our PV power development business, and so did not have much of a chance to add to this blog.
PV power is an exciting development, and one that I am doing on all my development projects. It is an architecturally significant way to reduce your property's carbon footprint.
There are three tricks to successfully incorporating PV into your next project:
- it looks like a prepaid power contract from a financial perspective, so the way you capitalize the project is critical.
- the systems harvest sunlight--so design is critical. Azimuth, elevation, matching of modules to inverters, backup power requirements need to be understood and planned.
- these systems can boost the brand identity of the property, so developing the system in an architecturally significant way has benefits way beyond the avoided power cost.
Property markets are very different today from four months ago. Cap stacks are different, cap rates are different. What a world to come back to.
