SOLARBACK IN THE NEWS

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The commercial rooftops in low-income areas were studied to find out how much potential solar power they are missing out on. With the use of artificial intelligence and satellite imagery, the researchers deemed that even with battery storage that would increase the total costs of the installations, it would still be practical in “almost two-thirds" of the areas. The commercial building owners could help tap into the economies of scale offered by providing solar to lower-income residents.  

In honor of Global Recycling Day, Solarback organized a beach cleanup in partnership with the nonprofit Changing Lives of Boca Raton. Changing Lives focus on helping homeless individuals by providing essential resources and support to aid in their transition to self-sufficiency. 

Radio interview by Nancy Pearlman with Solarback CEO, Joshua Schuster on KBPK.  Don't miss this captivating radio interview on KBPK featuring Joshua Schuster, CEO of Solarback, as he discusses sustainable solutions for a brighter future.

The formation of REITs can help aid the drive for solar development among the US thanks to favorable conditions like existing infrastructure, optimal solar-generation conditions, buildings passing performance standards, further dependence on electricity, and the high likelihood of offsetting energy costs. REITs can choose to delve into new territory by helping develop rooftop community solar projects that aid the building and not just the tenant. 

With billions of square feet available atop warehouse roofs, putting solar on those roofs could generate enough electricity to replace 112.7 million metric tons of greenhouse gases produced by other non-renewable sources. Warehouses going solar can also help the community fight against outages and disruptions by reducing the need for new transmission infrastructures and sharing excess power produced. 

The National Renewable Energy Laboratory, NREL, provides an outlook into the future of Solar as it is expected to skyrocket to 45% energy usage in the US by 2050. The study delves into three scenarios with solar: “a baseline case using current policies and trends, a decarbonization scenario in which the current electric power system is 95% decarbonized by 2035 and 100% by 2050, and a decarbonization-plus electrification scenario in which the electric grid grows significantly in scale to power the electrification of buildings, transportation, and industry. 

The rate in going solar is on the rise as evidenced by the fact that the US is producing 10 times more power in 2022 than in 2012. It makes sense as to why people are going solar because of the numerous benefits like reducing dependence on fossil fuels, saving land, and even enhancing resilience against natural disasters. It has never been easier to go solar with the rise of solar happening in areas where public policies are being enacted to support the switch to solar like the Inflation Reduction Act, Investment Tax Credits, renewable energy credits, and countless others. 

Inspiration can strike at any time or place. For Joshua Schuster, who has developed approximately $2B in mostly vertical commercial real estate in six states over the past decade, the eureka moment came while he was walking across a crowded parking lot to a grocery store under the hot South Florida sun.

Millions of Americans now work from home on a daily basis, after a temporary adaptation to a once-in-a-lifetime pandemic became a permanent trend. That’s given many people a reprieve from traffic and commuting but has affected a wide range of industries, from podcasts to dry cleaning—and, of course, commercial real estate has been one of the hardest hit.

As Solarback continues to ink deals with Florida building owners, landlords and real estate investors eager to convert empty roof space into profit-generating (and planet protecting) solar energy, TransMedia Group will focus on generating media.

Solarback LLC transforms underutilized commercial rooftops into a valuable source of long-term passive revenue for property owners and management companies.  By enabling landlords to lease their empty roof areas, Solarback offers an opportunity to generate solar energy and profits, while lowering monthly carrying costs and offering subsidies for roof recovery, replacement and/or repairs.

The Urgent Case For Change: The Civic Duty of Impact Investing In The Face Of Climate Devastation. The world is at a critical juncture, as Robert Frost eloquently wrote about “two roads diverging in a yellow wood.” Sadly, we cannot travel both. While cutting 41 million trees per day there is little forest left to tread, and the only thing yellow is our pollution filled skies.