FAQs
Frequently Asked Questions
Do you place any liens on the property?
No. For site lease structures, there are no liens placed on your property. All systems are owned and maintained by GreenWell and do not interfere with your existing financing.
Will using a financed or ownership approach affect our existing loans?
No. In financed ownership scenarios, the system is treated as personal property and secured via a UCC-1 filing on the equipment itself—not the building. This approach ensures your existing mortgages or liens remain unaffected.
How long are the lease terms?
Lease terms are typically 25 years, depending on the system type and location. These terms can be bought out early or extended for an additional 10 years.
What happens at the end of the lease?
At the end of the lease, you have several options:
- Purchase the system at fair market value
- Renew the lease under new terms
Request system removal at no cost to you
Our team will provide guidance well in advance to help you make the best decision.
Who maintains the system after it’s installed?
GreenWell handles all monitoring, maintenance, and repairs throughout the term of the lease or PPA. For ownership models, we offer optional maintenance packages for peace of mind.
What if the roof needs to be replaced before installing solar?
If your roof requires replacement to support a solar system, we cover the cost as part of the lease or PPA. We manage permitting, inspections, installation, and warranties—all at no cost to you.
Can tenants opt in to receive power from the system?
Yes. If the property qualifies for virtual net metering, tenants can opt in to receive lower utility rates through our integrated billing platform. Enrollment is optional and managed entirely by GreenWell’s billing service provider. New tenants will be enrolled automatically.
Are there upfront costs to the property owner?
No. Whether it’s a site lease or PPA, there are zero upfront costs for property owners. If you choose a financed ownership model to retain tax credits, we can help you structure financing to align with your cash flow goals. We only ask that you cover any attorney fees related to contract review.
Can I keep the tax credits?
Yes. If you’re eligible to monetize the Investment Tax Credit (ITC) or accelerated depreciation, we offer ownership and financing options that allow you to retain those benefits. For others, we offer lease and PPA structures where we monetize the credits on your behalf.
How long does the entire process take?
Timelines vary by jurisdiction and property type, but most projects take 4 to 6 months from initial review to system activation. Our team handles permitting, approvals, and installation so you can stay focused on your business.
Do you offer battery storage?
Yes. We integrate battery storage into projects where it makes financial and technical sense, including for demand charge reduction or backup power. This is assessed during the design phase.
Can I combine multiple properties into a portfolio deal?
Absolutely. In fact, we encourage property owners with multiple qualifying sites to bundle them for greater efficiency and improved economics.
How do I know if my properties qualify?
Qualifying properties generally need:
- Sufficient roof or parking space with good sun exposure
- A minimum number of units or tenants (typically ~100+ for multifamily)
- Access to utility interconnection
- Located in regions with strong solar economics—for leases and PPAs properties must be located in California
- To qualify for Virtual Net Metering, properties must be served one of California’s Investor-Owned Utilities
Submit your portfolio and we’ll review each location for technical and financial viability. There’s no cost and no commitment to get started.
