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Updated over 7 years ago on . Most recent reply
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No Cost Solar Panels on Rentals?
I am having Solar City come out next week to assess whether my primary home and 2 rentals are good candidates for solar panels. Their schtick is that they pay for the system (so no out of pocket to me), and I pay lower utility bills. They would also pay all repairs, if needed, and cover the insurance cost for theft/vandalism. The panels are also guaranteed for life. If this is in fact true, then I would pay a lower bill each month for my electricity in my own home and my tenants would also in the rentals which is a great selling point when wanting to rent out the places. I also would get warm fuzzies knowing that I'm doing my part to help the environment, which is important to me.
So, my question is: Has anyone worked with Solar City? Do you foresee any problems arising with putting panels on rentals? Is there something that I'm missing here because it sounds like a no-brainer to get them installed?
Thanks for any anticipated advice!
Most Popular Reply
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I don't know specifics about solar anything but I would support any venture Elon Musk was part of.
#fanboyforlife
I look forward to other opinions though.