Frequently asked questions
Portfolio management refers to SoCore’s focus on the many properties and solar energy opportunities within a business’ entire portfolio of locations and real estate properties. By addressing a client’s full portfolio of real estate property, SoCore builds solar installations that cost less to implement, are efficient to manage, and produce lower-cost energy. We have developed numerous cost-saving processes and methodologies through our portfolio management approach, including:
- Automated installation processes and technologies
- Unique assembly-line installation method to simplify and accelerate installations
- Innovative financing to reduce the strain of implementing new solutions
- Working outside the accepted mold to identify opportunities for energy cost-savings
- Standardized approach to planning, designing and implementing solar
- Reduced transaction costs with portfolio approach and Master Services Agreement
- Buying power through the supply chain allows for lower cost supply
We believe that focus is the key to success, which is why SoCore is focused exclusively on serving the needs of national retailers, REITs and industrial clients. Because we understand the energy, financing, construction and rooftop challenges and needs of these clients, we are able to deliver better, smarter, lower-cost solutions. If we developed solutions for all potential clients—residential and beyond, we would be a mediocre solution provider. Our focus, along with our fanatical commitment to client service, makes SoCore a world-class solar solution provider.
While the vast majority of our installations are rooftop installations, SoCore Energy has designed and installed ground mounted solar fields, carports and canopy structures. Knowing that energy technology is constantly evolving, SoCore Energy maintains an open mind and an impressive team of highly skilled and experienced engineers. When it comes to installation opportunities, we are committed to making solar work for the retailers, REITs and industrial clients we serve.
While the cost of building new coal generation is going up, the cost of building new solar generation is going down. As aging coal-fired power plants are retired, solar energy will play a significant role in helping meet peak demand for our electricity suppliers and take less of the burden off of our aging transmission infrastructure. Consumers are able to shop for retail electricity in many utility markets, also making it wise for electricity suppliers to invest in cheaper forms of new generation, like solar energy.
Once we have a full understanding of your needs, it should take no longer than seven days to provide a quote.
We have several clients who have agreed to share their experience to customers and prospects. Please call 877-762-6731 to have SoCore arrange a customer interview.
Yes. But, it rarely makes financial sense to offset all of the facility’s electricity with a PV system.
The number of solar panels that can fit either on the roof or on available land will limit the size of a PV system that can be installed at a facility. The size of a PV system that can fit on a facility’s roof will typically produce 25% of the electricity used by that facility. Additionally, to tie-in a PV system large enough to provide all the electricity for the facility will usually require an expensive upgrade to the utility infrastructure to be able to interconnect the PV system.
While there is also the option to disconnect completely from the electric grid, this is much more costly and requires additional and more complex pieces of equipment.
Ideally, you want a PV system that will fit with your existing facility. A PV system will produce all of its electricity during the day, with the majority of that electricity being produced in the middle of the day. For those facilities with time-of-use rates, this tends to coincide very well with the most expensive electricity. Excess electricity produced during the day will spin your utility meter backwards, while using electricity from the grid during the night. This is called net metering.
There are three primary factors that must be considered when financing solar systems:
- The credit worthiness of the host or end user purchasing the power the system generates
- The structure – PPA or lease – and length of the agreement
- The system size – individual system sizes and size of the portfolio being financed
General rule: If the cash on your balance sheet does not support purchasing solar, you would likely not qualify for a financed solution.