A Season of Reflection
December 13, 2022
At SolaREIT this holiday season, we’ve been reflecting on the past two years since our founding and eagerly planning for the future. We are proud of our achievements and incredibly grateful for our steadfast partners and dedicated, growing team. 2022 has had its challenges for the industry, while also seeing the passage of one of the most important pieces of solar legislation ever. The Inflation Reduction Act (IRA) is paving the way for a decade of tremendous growth. The incentives in the IRA will help developers offset rising project costs, allowing the solar industry to accelerate our progress to net zero emissions by 2050. At SolaREIT, our mission is to provide solar developers with the financing and real estate solutions that will boost project economics, allowing the industry to complete more projects and deploy more solar energy for communities across the country.
Helping Developers Complete Solar Projects
As a team, SolaREIT has made tremendous progress since our first Solar Lease transaction in October 2020. In just two years, we have transacted on thousands of acres of solar projects in fourteen states across the country. Our projects have a total capacity of approximately 600 MW and our partnerships with solar developers are stronger than ever before.
Growing Our Team
Our team, headquartered in Tyson’s Corner, VA is now 10 employees strong and growing. We bring more than 75 years of deep industry experience, and collectively the team has solar transaction experience exceeding $3B. Most importantly, our team brings a passion for environmental stewardship, and we continuously seek opportunities that prioritize the balance of solar installation and responsible land care.
2023 and Beyond
With gratitude for all we accomplished in 2022, SolaREIT is looking towards the new year. In 2023, we are resolute in continuing to offer our solar development partners real estate solutions that will allow them to bring more solar to the grid. Our commitment to the environment is steadfast. Our team will be closely examining our solar land, looking for opportunities to create nature reserves, focusing on preservation of biodiversity in solar habitats, and determining areas that are candidates for agrivoltaics, pollinator sanctuaries, and aquifer recharging.
We are entering 2023 recharged and excited about the opportunities for the solar industry, our developer partnerships, and our company during the upcoming year. The future is bright indeed.