Going Green – Commercial Property Owners Can Cut Expenses With New Solar FilmJacob
Along with the economic climate and its recent effects on the commercial real estate sector, ecology is just one of the options available in an effort to reduce costs in the construction and maintenance of office buildings, retail stores, manufacturing facilities and shopping centers. . There can be significant savings in utility costs and there are many options on the market for heating and cooling.
New thin solar films are now available that cover windows of office buildings across the country. They reduce the temperature inside buildings and reduce cooling costs. Earlier versions of the solar film reduced heat transfer, but the tint created a darker, more noticeable environment in the northern parts of the country.
This new thin solar film is placed on the glass of the building, it is crystalline but cuts ultraviolet and infrared light while allowing the passage of the visible spectrum. The reflection reduces 55% of the sun’s heat and increases the comfort of indoor environments. It is so clear that it promotes natural light and reduces the need for interior lighting. Tenants notice a significant increase in heat in areas that are not filmed compared to those that have been covered.
The clarity of the new film allows for maximum light and reduces energy use. Some tenants reported that they did not need to put lighting in the perimeter offices.
New technology has also allowed some films to not only block light, but actually produce energy. These new films contain ultrathin photovoltaic energy that generates electricity during the day. Depending on the geographical location of the building, the recovery of this investment can vary from six months to three years.
Since the start of the Emergency Economic Stabilization Act of October 2008, residential homeowners installing energy efficiency improvements in 2009 can qualify for special tax credits, which helps defray the cost of installation.
However, interest within the Commercial Real Estate community has increased with recent spikes in the price of oil and declining average rents. Commercial property owners face greater economic challenges due to the size of the property, but they can also obtain significant state and federal tax deductions. Visit www.dsireusa.org to learn more about tax incentives in your state.