Solar Car Parks: The Next Big Thing in Commercial Property Investing

With most car makers preparing to introduce the electric vehicle (E.V.s) into the market by 2022 for mass production to the contemporary consumer, intelligent real estate investors are already positioning themselves to reap huge yields.

With most car makers preparing to introduce the electric vehicle (E.V.s) into the market by 2022 for mass production to the contemporary consumer, intelligent real estate investors are already positioning themselves to reap huge yields. A few years ago, electric car charging technology was considered a far-fetched idea of the future, but now it's becoming a reality. According to estimates, there will be around 1.5 million electric vehicles on the roads in the U.K. in 2022. This is a little challenging to replace the 27 million gasoline-powered cars all over. However, the increasing demand for E.V.s can bring enormous profits for the companies operating charging stations.


Property investors who are sophisticated and internal investors have a prime position to profit from this expanding electric and car revolution, specifically regarding the solar field. Additionally, pension funds, private equity, and significant institutional investors are lining up to acquire lucrative property assets like solar car parks to their portfolios. If you have some money, it is advisable to ignore the stock exchange, ISAs buy-to-let and other similar investments and change your investment to solar-powered car parks or power-park canopy roofs: The next major thing to be seen in actual property investing.


Suppose parking spaces are available with solar power systems. In that case, these can be set up to charge electric vehicles for an affordable cost, thereby giving its owner steady and predictable cash flow. Supermarkets are getting on the game by turning their parking lots into solar-electricity hubs. Soon, hospitals, airports, shopping malls, etc., will follow. According to an anonymous report, Asda plans to launch solar-powered car parks in every supermarket in the next five years.


Contrary to other asset classes in the market, solar car parks' rental yields are believed to be between 8.5% and 10.5% per month. Solar car park is growing in countries such as the USA, France and Japan. It is predicted that power parks will be goldmine properties for the U.K over the next three to four years. This means that you can't afford to miss this chance.


Additionally, with a starting at PS120,000, the mortgage loan is 80%, and a 25-year government-backed guaranteed return, this investment potential is very secure. This Feed-In Tariff scheme was introduced by The U.K. Government in April 2020, ensuring those who own green energy projects an annual rental income of at least PS900 for 25 years.


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Robert Watson

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