Installing solar panels in parking lots is brilliant. You have the space, you have the sun, why not profit from it. The best part is the added benefit of less snow removal in snow locations. The opportunity to kill your electricity bill or even sell back the electricity is going to be hard to pass up.
They Paved Paradise and Put Up A Parking Lot (2012 Version)
Wall Street Journal
September 17, 2012
Parking-lot owners are finding a new use for their vast expanses of pavement: solar power.
From Long Island to the Arizona desert, developers are covering their lots with canopies of solar panels. Lot owners get to double up on their use of underutilized land and to offset their utility bills at the same time. And very little stands between most lots and the sun, so they can produce plenty of power. What's more, the canopies provide shade when it's hot and prevent snow from accumulating in the winter. Some have charging stations for electric vehicles.
The Washington Redskins last year completed the largest parking-lot solar installation in the NFL. (Sports stadiums are famous for their acres of open parking lots.) The team covered 841 parking spaces at FedExField in Landover, Md., with electricity-producing awnings; the two-megawatt system can supply 20% of the stadium's power needs on game days and all its electricity on off days.
NRG Energy Inc., Princeton, N.J., installed and owns the panels, leasing the site and selling power. The company and the team both declined to disclose financial details about the project.
One of the country's largest solar carports is now under construction at Rutgers University's Livingston Campus in Piscataway, N.J. The eight-megawatt installation will cover about 32 acres and will cost about $40.8 million before federal and state incentives. The project is being built by a private company, which will lease the panels to the university. Rutgers expects to save $28 million in electricity costs over 20 years.
JNL Parking was going to apply to be the broker to sell the LOVE Park garage, but after seeing the 45+ pages of red tape we decided to monitor this and bring a qualified buyer to the table instead. We will keep you posted via a listing alert when this garage is officially for sale.
BY CATHERINE LUCEY, Daily News Staff Writer
FIRST the Philadelphia Gas Works, now the LOVE Park Garage.
The Nutter administration has put out a request for proposals seeking a broker to oversee the potential sale of the 810-space parking garage beneath the iconic LOVE Park. Selling off the garage, owned by the city and operated by the state-run Philadelphia Parking Authority, has long been discussed by officials.
The proposal request states that the successful bidder must manage the sale process and conduct "financial analysis related to a potential sale and its benefit to the city."
Mayoral spokesman Mark McDonald stressed that the city wanted a "responsible buyer" who would seek to update the aging garage in conjunction with planned renovations of LOVE Park, at 15th Street and JFK Boulevard.
McDonald said the city was exploring the sale because the administration had decided that the garage was "not a part of core city functions." He said a likely sale price had not been determined. The city makes $1.2 million annually from the garage.
McDonald said the proceeds would go to onetime expenses like paying off debt, shoring up the cash-strapped pension fund or investing in aging infrastructure.
This may not be the last sale for the city. McDonald said the mayor is awaiting a report from a task force headed by former mayoral candidate Tom Knox that's looking at what other city assets it might make sense to sell.
This month, the city hired a team of advisers to assist with the potential sale of municipal gas utility PGW.
Council President Darrell Clarke said he was an advocate of selling city holdings when appropriate. He said he had recommended selling the garage in the past and noted that potential operators were interested in the facility under Mayor John Street.
"I think if there's a significant level of interest, hopefully the administration and Council can work together at getting aggressive on this," said Clarke, who noted that under Street it was speculated that the garage could sell for $35 million to $40 million. Proposals are due by Sept. 21, and the city is looking for the broker to start Nov. 1.
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