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Updated about 3 years ago on . Most recent reply

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Don Zhang
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Need to rent out a house with leased solar panels, advise please

Don Zhang
Posted

This single family house has leased solar panels. Currently paying about $130 per month for the lease. Similar properties without solar panels rent for about $2200~2400 in local market. I'm thinking about adding a clause like this to the standard lease contract:

Renter pays $100 for the first 400kWH of actual usage (if actual usage less than 400KWh the electricity bill will be $100). Additional electricity usage will be charged at $0.20 per kWh.

Do you guys think this is acceptable? Typical usage for this size home should be around 600KWh. 

Thanks!

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,119
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28,105
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Don Zhang:

This single family house has leased solar panels. Currently paying about $130 per month for the lease. Similar properties without solar panels rent for about $2200~2400 in local market. I'm thinking about adding a clause like this to the standard lease contract:

Renter pays $100 for the first 400kWH of actual usage (if actual usage less than 400KWh the electricity bill will be $100). Additional electricity usage will be charged at $0.20 per kWh.

Do you guys think this is acceptable? Typical usage for this size home should be around 600KWh. 

Thanks!

It sounds like a lot of work on your part. It would be much simpler to determine a monthly average cost, bump it 15% to cover excess use, and include that charge as part of rent.
  • Nathan Gesner
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