Does solar benefit me if I purchase it for my rental properties?
There are several ways you can take advantage of adding solar to your rental properties.
1.) Their is an exception to the tax credit for rental properties that allows you to claim up to 30% for your solar system. Your tax accountant will go over more details depending on your individual situation. An opportunity you should take advantage of.
#SavvyLandlords
2.)The other option is to offer the rent on your rental properties to be all inclusive of electricity and rent. This allows you to set your own rate for electricity (within reason) and become the power provider yourself. This will also help offset the cost of the system. An option that many landlords are now exploring and utilizing.
3.) Beat out the competition by having a home to rent that does not have the same restrictions on using power because solar allows for reduced consumption from the utility grid.
