Solar Energy is Ideal for Single Family Home Rental Property

Your Solar Advocate a Better Way to Go Solar!

Solar is a Golden Opportunity for Single Family Home Rental Property

Solar Energy is Ideal for Single Family Home Rental Property because solar panels are designed to last 30 to 40 years. It is perfectly legal to charge tenants for power produced from solar panels. The property owner can charge for power produced from solar by including it in a lease or charge separately for it. The one limitation is that you cannot charge a higher rate than the local power company for power produced. 

Solar Energy is Ideal for Single Family Home Rental Property
Home Solar Will Never Cost Less Than in 2024

Rewarding Tax Benefits for Home Rentals Going Solar

The business Investment Tax Credit (ITC) under IRC Section 48 is a federal incentive that encourages businesses to invest in renewable energy systems, including solar.  The ITC tax credit goes to the owner of the solar panel system. The property owner receives a tax credit for every home they install solar. Home solar has no sales tax, fuel charges, local, or state taxes.

Home Rentals Now Have a New Revenue Stream at Their Fingertips!

A home with an average monthly power bill of $220 will pay approximately $27,000 for a solar system. After deducting 30% for the ITC tax credit of $8100 the total net cost of solar is $18,900. This size solar system will produce $220 monthly offset of power consumption. A home solar system that offsets $220 monthly for twenty years amounts to $52,800. Tenants accumulated would have paid the power company $52,800, not including power company price increases over 20 years. These are low estimates because the solar panels are designed to produce well beyond 20 years. The tenant is already renting electricity, so why not benefit from home solar by renting your tenant’s electricity? Creating an additional revenue stream from solar is a golden opportunity!

Solar Energy is Ideal for Single Family Home Rental Property

Going Solar is a Guaranteed Investment for Home Rental Properties

Home Property Rentals benefit financially from solar because they can negotiate a better price for installing solar on multiple homes. Home solar is a guaranteed investment for single or multiple home rental properties because tenants can be charged for the power produced for the next 25 years.

Many property rental owners who don’t have a long-term plan and might be selling their homes shouldn’t be concerned because solar increases the value of a home. Homes with solar panels often attract environmentally conscious buyers. Zillow found that homes with solar power sell for an average of 4.1% more than comparable homes without solar. Combining the increased home value and the ITC tax credit makes solar a sound investment for rental properties, short or long-term.

Solar Energy is Ideal for Single Family Home Rental Property

Buying Solar Explained in Easy-to-Understand Charts Below

The primary objective is to shorten the time it takes to offset the cost of solar with what you would have paid the power company anyway.

Rotate Device to View Charts Below

Why Do People Contempt Solar Energy Before Investigating

Home Solar System Retail Cost

System SizeRetail CostTax CreditNet CostProduction
(Monthly Power Bill)
Break-Even Point
7K Solar System$23,500$7,050$16,495$150 a Month in power9.2 Years
9K Solar System$29,250$8,775$20,475$190 a Month in power9.25 Years
11.7K Solar System$39,000$11,700$27,300$250 a Month in power9.20 Years

Disclaimer: You Must Seek Expert Advice for the ITC Solar Tax Credit Because No Two Homeowners’ Income Taxes are the Same. Consult with a Tax Expert to Determine if You Qualify for the ITC Tax Credit and How Much You Qualify for Per Year.

High-quality solar panels can last 30 years or more, Solar Panels have no moving parts. Regular maintenance contributes to their longevity. Major Manufacturers Warranty Solar Panels for 25 to 30 years.

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Why Do People Contempt Solar Energy Before Investigating

Your Solar Advocate Home Solar System Cost

System Size Wholesale Cost Tax Credits Net Cost Production (Monthly Power Bill) Break-Even Point
7K Solar System $19,250 $5,775 $13,475 $150 a Month in power 7.5 Years
9K Solar System $24,750 $7,425 $17,325 $190 a Month in power 7.6 Years
11.7K Solar System $32,175 $8,365 $23,810 $250 a Month in power 7.9 Years
Your-solar-advocate-a-better-way-to-go-solar

Rotate Device to View Charts Below

The Best Advancements in Solar Energy are Backup Battery Storage

A Typical Solar Company's Proposal

Add-Ons To Every Solar ProposalCost of Add-Ons
The Cost of Salesperson$2500
Sales Manager$1000
Proposal Builders and Permitting Department$1000
Overhead: Rent, Auto Insurance, Vehicles, and Utilities$1000
Cost of Leads and Marketing$1000
Points for Low-Interest 20-Year Loan Terms
(Frequently Hidden Cost)
$2500
Solar Panels, Inverter, Installation$17,000
Solar Company Profit$5000
$3.25 a Watt or Lower for a 7K Home Solar System                    Total$23,500

Disclaimer: You Must Seek Expert Advice for the ITC Solar Tax Credit Because No Two Homeowners’ Income Taxes are the Same. Consult with a Tax Expert to Determine if You Qualify for the ITC Tax Credit and How Much You Qualify for Per Year.

Rotate Device to View Charts Below

Solar Energy is Under Relentless Attack by Power Companies

Your Solar Advocate Cost Savings

Add-Ons To Every Solar ProposalCost of Add-Ons
The Cost of a Salesperson$500
Sales Manager$1500
Proposal Builders and Permitting Department$1000
Overhead: Rent, Auto Insurance, Vehicles, and Utilities$750
Cost of Leads and Marketing$1000
Points for Low-Interest 20-Year Loan Terms (Frequently Hidden Cost)$2500
Solar Panels, Inverter, Installation$17,000
Solar Company Profit$5000
Your Solar Advocate Target Price $2.75 a Watt or Lower for a 7K Home Solar System$19,250
Tax Credit – $5,775
The net Cost Is $13,475

Without Solar Energy (7K Example Above), You Would Have Paid $36,000 to the Power Company for a Twenty-Year Span 

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