Up to 70% of upfront investment covered by tax credits and accelerated depreciation.
Average reduction in electric bill.
Average payback period.
Emerging Technologies and Innovations for Your Self-Storage Business
Together, solar and self-storage are a dream team given their electricity demand, large footprint, and ample rooftop space.
Solar gives you the power to optimize your facility and add another revenue stream.
Future-Proof Rising Costs With Solar Energy Electrification.
Increasing Net Operating Income (NOI) is a leading concern for self-storage facility owners. As competition and technology rise in the self-storage industry, lower rental prices and concerns about energy inflation to support the technology puts business leaders’ NOIs at risk.
To adapt to these pressures, the self-storage industry has become a leader in embracing solar and all it has to offer. Not only does solar allow facility owners to positively contribute to their NOI by reducing their operating costs and their tax liability, but it also gives them the advantage of improving their property value.
This CubeSmart managed property in Brandon FL partnered with ESA to increase the property value through reducing operating expenses and thus raising the property net operating income. By adding 280 solar panels, the total electric bill was reduced by 97% generating $579,000 of electric bill savings over the next 25 years. This project will generate a 14.4% IRR and is expected to generate $480,000 of property value increase at a 4% cap rate.
Getting Started for Your Self-Storage Facility
Our team of solar experts work with self-storage facilities nationwide to evaluate solar potential and generate instant feedback on where solar can make the greatest impact.
Through our electrification as a service (EaaS) model, your facility will receive a full solar feasibility analysis to identify your financial return and develop a roadmap for solar + EV implementation.
Analyze facility locations for incentives
Review 12 months of historical electric bills
Generate highest value solar installation options
Present solar feasibility study
Self-Storage & Solar, the Dream Team.
Get started on your journey.
Ready to Get Started?
Your future deserves to be powered by clean energy. Connect with our team and we will guide you through the clearest and most effective path to solar.