General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago, 12/30/2020
Is solar worth the investment?
Hello BP! I'm wondering if anyone has experience installing solar on their buildings? I'm researching whether the return is worth it; the solar will be installed on a 35,000 sqft, flat-roofed office building I have. I'm seeking alternative solutions to decrease the operating energy costs, and/or create an income stream selling excess energy back to the grid.
For anyone that has installed solar on larger properties, kindly respond to the questions below!
- 1) What was the rough cost, and what size was the building?
- 2) Is there a ballpark rule of thumb for calculating system costs? I understand cost varies greatly depending on many factors. (location, building, system, usage, costs, etc).
- 3) What was the ROI? How long did it take, or will it take to return your initial investment?
Thanks!