Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on .

User Stats

47
Posts
2
Votes
Michael Willis
  • jersey city, nj
2
Votes |
47
Posts

Solar on Rental Apt Building?

Michael Willis
  • jersey city, nj
Posted

Hi all, so heres an interesting question. Why would I as the landlord install solar on my multifamily rental property?  

Is there a strategy I haven't seized on where I would be paid back for the solar energy that I generate but don't use (additional revenue and lower costs than traditional electric) and does any one have any experience flat rate billing tenants (say for example $100/mo) and then pocket the difference if they actually use less energy than the flat rate amount? This seems like it would be a win/win for all. The tenants would theoretically have lower steady bills and I would capture more income from them and through cash reimbursements.

What if anything creative have any of you done in this regard? Footnote, today my property is a 100% airbnb short term rental property wherein I pay all the bills (so this would be beneficial) but it may at some point revert back to traditional tenancies.

Thanks in advance!