Ep57 – Rooftop Leases: The “Free Money” Deal That Isn’t Free

So a rooftop lease is exactly what it says.

It's a lease that allows someone to occupy part or all of a property's roof.

So historically, it was for things like telecoms or foam masts, but it's really common now in relation to solar panels.

And a lot of business owners and commercial property owners will be approached directly from solar panel companies um to propose deals like this i

mean i'm assuming solar panels is probably the reason why these things are becoming a lot more popular than than previously because i i mean i presume most people assume they want solar panels on there if they just get put on they don't realize that there is a a lease aspect to this

Yeah, so I think from a residential, again, it's important that we separate things out, residential and commercial, but a lot of, if you think the size of, say, some commercial factories or those types of things, the solar panels aren't always necessarily for their own use.

It might be that some of it's for their own use, and then they buy back some of the power, the energy company.

So there's leases that are put in place between the owner of the property and the energy company that just regulates what's on the roof.

And I think as we move forward, technology is a massive driver here.

So we're talking about solar panels, but it could be other types of green infrastructure.

We've spoke about in other podcasts the move towards green closures, and it's quite a big thing now to try and be as eco as we can.

And that's certainly a driver for this as well.