Solar Power to offset Electric Bills
I'm purchasing a 3 story office building (37k sqft total) in the Orlando Fl area and my electric bill is $80k annually, with the monthly usage ranging between 48,000 kWh to 65,000 kWh. Has anyone found the ROI on installing a solar system to have a good ROI. If so what was the cost/size for your system. Did you pay finance it? Any links to a good calculator that'll determine, number of panels and required square footage. I've searched and so far only found residential and click bait sites. With a 12k sqft roof, I don't think I have anywhere near enough space to offset a significant part of the electric bill.
On the surface project solar, estimates a cost of $600k to fully offset the $80k in electric bills which is a 7.5 cap, not bad and considering that the NOI of the building increases by $80k, at a 6.25 cap, the building would be worth $1.3m more. I just don't know how realistic it is.
Any experience/input is appreciated.