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Updated over 4 years ago on . Most recent reply

User Stats

12
Posts
4
Votes
Jake Ferguson
Pro Member
  • Rental Property Investor
  • Panama City Beach, FL
4
Votes |
12
Posts

Should I put solar panels on my future SFR

Jake Ferguson
Pro Member
  • Rental Property Investor
  • Panama City Beach, FL
Posted

I've got a single family home that my wife and I are living in while rehabbing. We're moving out of state in about a year and were recently pitched the idea for solar panels on the house. We're in the panhandle of Florida with a good south facing roof. The payment plans basically cut out $40/month from our electric bill, but that's with just my wife and I living in a 4 bedroom home.

Questions being, what do you all think about putting the panels on? The payment plan is over 25 years which is a lot to swallow. And I'm wondering if it will be worth it in the long term to rent it out and basically provide my tenants with about a $150/month electric stipend, but I would then have to add that into the rent.

Thoughts??

  • Jake Ferguson
  • Most Popular Reply

    User Stats

    12
    Posts
    4
    Votes
    Jake Ferguson
    Pro Member
    • Rental Property Investor
    • Panama City Beach, FL
    4
    Votes |
    12
    Posts
    Jake Ferguson
    Pro Member
    • Rental Property Investor
    • Panama City Beach, FL
    Replied

    @Andrew Smith

    Thanks for the reply. The addendum is definitely a good way to go if I choose to go with it!

  • Jake Ferguson
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