How can CRE developers incorporate renewable energy sources and green design principles into new projects?

I agree, that solar energy has income & tax benefits for investment properties. As NC focuses more on renewable energy, it is a great to seek out information on solar energy that is specific to your property.

Solar is a wonderful value-add to any project, especially when paired with a significant storage component. Being based in coastal Louisiana, my team is keenly aware of how natural disasters and the ensuing power outages can cripple productivity. Solar + Storage is a great way to add resiliency and a strong contingency plan for natural disasters for your tenants and their teams.

Offshore wind is here. My state is holding it’s very first offshore wind lease auction this summer, which will be transformational for our energy sector. This rapid growth in municipal-scale wind energy developments is causing explosive growth in the underlying technology. These advances are quickly making their way from the municipal scale down to commercial-scale applications. Already, many developers are seeing lower energy costs from wind than their utility provider’s median rate. This is not just about sustainability or lowered power costs. It’s also about helping your tenants meet their company’s sustainability goals. Blue chip tenants are seeking sustainable options wherever they can find them. Stand out. Be a first mover.

Green walls have their obvious benefits from aesthetics to passive cooling, but the real focus here should be green roofs. Any roof spaces accessible by tenants, customers or guests should be considered for a green roof component. Few things say “class A” more than a lush green roof. Having access to a miniature park without even leaving the buildings footprint is huge amenity in an area that could otherwise be wasted or under-utilized space. Want to make sure you see foot traffic at your hotel’s rooftop bar? Try turning it into the only fully planted rooftop green-space in town. Functional novelty is hard to pass up, and the costs are less than you’d imagine.

If you haven’t followed renewables closely in a year or even a few months, it’s time to take another look. Even the States with historically low adoption of renewables are buying in and doubling down on this tech. The Whitehouse’s Inflation Reduction Act has totally changed the game on the feasibility of these projects. Fans of tax credits are missing out on some of the best incentives ever offered if they are still ignoring renewables. Be a first mover. The tech is ready, and improving by the day. Stay up to date, because we are now in a state of parabolic growth in renewable tech. Widespread adoption is no longer a tomorrow discussion. It’s happening now. If you can’t see it yet, you simply aren’t looking.