SolaREIT Exceeds 2,000 Acres of Community Solar Land Financing

A leading clean energy investment firm has closed its real estate operations for over $1 billion Social Solar Projects

VIENNA, WA., June 12, 2024 /PRNewswire/ — SolarREIT™, a solar and storage real estate investment company, has achieved a significant milestone by surpassing 2,000 acres of community solar land financed through flexible capital solutions. SolaREIT is simple and streamlined options for solar and storage land financing and leasing provide maximum value and flexibility based on customers’ individual needs, financial goals and vision for their land. This milestone is represented by the property under $1 billion community solar projects, or 70 projects in nine states. Founded in 2020, SolaREIT has partnered with solar and battery developers to finance land or leases for over $2.5 billion solar and battery projects across the country.

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“In addition to placing solar panels on rooftops, community panels are the next best option to provide consumers with local and affordable renewable energy. SolaREIT’s strategic priority is to work with local solar panel developers to bring more distributed generation energy to the grid. Our land purchase, lease purchase and land loan offer developers simple and attractive ways to finance the properties included in their projects,” he said. Laura PagliaruloCEO of SolaREIT.

The Department of Energy (DOE) has set an ambitious goal of increasing local solar capacity to serve 5 million homes by 2025, generating $1 billion in energy bill savings and significantly contributing to the Biden administration’s goal of achieving 100% clean electricity by 2035.

To address the capital intensity of solar and battery storage projects, SolaREIT partners with developers to offer land purchase and lease financing options. The company’s three core products – land purchases, leases, and solar and storage land loans – are available in all 50 states, providing flexible financing solutions to support the development of solar and BESS projects.

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About SolaREIT™

SolaREIT™ based in Virginia, is an innovative real estate company focused on providing financial solutions to developers involved in solar and battery energy storage. SolaREIT, a minority- and women-owned company, was founded in 2020 as a Real Estate Investment Trust (REIT) by clean energy industry veterans with proven experience in finance, project development, real estate and solar. The team is passionate about renewable energy and believes that land financing for solar and battery energy storage plays a key role in advancing the clean energy economy.

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