Mount Laurel, NJ – Nessel Development, a commercial real estate investment firm, announced the launch of Nessel Energy, a division dedicated to providing energy solutions to owners of office and industrial properties across the state of New Jersey. Drawing upon Nessel Development’s real estate experience, Nessel Energy was designed with property owners in mind – creating a new revenue stream by leasing unused rooftop space, while also lowering operating expenses by providing on-site solar energy production.
The Nessel Energy approach is built on the company’s 20-year experience in the commercial real estate industry. With a real estate portfolio valued at over $250 million and 8 megawatts (MW) of solar under their belt, the company has strong experience in both the real estate and solar world – especially in New Jersey.
“Personally, the launch of Nessel Energy is one in which I take great pride and has been a long-standing goal for us,” said Ari Nessel, Principal of Nessel Development. “Our company’s growing presence within New Jersey, a state with a well-known commitment to supporting green investments through energy incentives, makes for the perfect fit.”
Nessel Development’s venture into renewable energy is directly in line with the company’s values-based approach, committed to sustainability.
“When we look at a project, we do so through a lens that draws focus on both environmental sustainability and social responsibility – looking to make a difference both in New Jersey and all around the world,” added Nessel.
Due to the growth of a new Community Solar program in New Jersey, real estate owners are currently inundated with offers to lease rooftop space for solar that sends all electricity to the grid. This process shifts the energy benefits, away from business owners and tenants, to community “subscribers”. While still a positive impact, Community Solar’s value for real estate owners is limited. Plus, the Community Solar program is competitive and non-guaranteed due to capacity constraints.
Unlike Community Solar systems, energy produced from Nessel Energy’s solar projects is consumed on-site, providing benefits to property owners and their tenants. Guaranteed lease payments combined with energy rates below the local utility rates translates to maximized value for office and industrial properties. This results in direct impact to a building’s net operating income (NOI) and a timeline that is much shorter than Community Solar development.
Nessel Energy is led by Thomas Loredo, a veteran of the commercial construction and renewable energy industries for more than 40 years. “We understand the market both as a real estate and energy company so we can provide solutions that create value for all parties as solar energy is about more than cost efficiencies,” said Loredo.
“Our Rooftop Revenue Program℠ (RRP) enables owners to use the sustainable benefits of solar energy, transforming stranded and unused assets into revenue-producing real estate. Simultaneously, we are helping people, the planet and creating a better future.”
Nessel Energy provides sustainable energy solutions for real estate owners and developers through its unique Rooftop Revenue Program℠. The company division, which is part of Nessel Development, leverages over 20 years of real estate experience across commercial, multifamily, and industrial properties to provide unparalleled energy advising and services. Nessel also strives to donate over half of its adjusted gross income to deserving charities and causes each year. Visit www.nesselenergy.com for more information.
A combination of Federal and state-level incentives is creating a unique opportunity to earn high lease rates for solar on your property. Learn how Nessel Energy’s Rooftop Revenue Program℠ can benefit your organization.
Nessel Energy provides sustainable energy solutions for real estate owners and developers through our unique Rooftop Revenue Program℠. We leverage over 20 years of real estate experience across commercial, multifamily, and industrial properties to provide unparalleled energy advising and services.
nesselenergy.com | 775.387.2613