Will solar panels allow me to increase rent to tenants?

[Kristina Heimstaedt]

Hi all,

I know the upfront cost of solar panels is significant. However, I'm wondering if I can pass the extra $50-$100/month to the tenant with the expectation to increase the demand for my property. Does anyone have any experience with this?

I definitely believe that tenants are looking for more amenities or a smoking deal. Being a fairly green millennial myself and if the rent is pretty comparable to the neighboring properties (Southern California pricing), I'm pretty sure that I would pick a green building that had free electricity with all else being equal, but maybe I'm a weird millennial. Any feedback would be much appreciated thx!!!