Solar panel systems on your STR

[Aaron T.]

Has anyone done the analysis on solar panel systems for  their STRs? I am looking at solar in Florida for my STRs, since i pay the electric bills, i was looking at solar as a way to cut expenses.

looking for anyone's experiences with it.

[Andrea Cole]

We have solar panels on our personal residence and @Josue Vargas is correct, it depends on tax incentives (and the size of the system you install). If you're going to keep the property long-term, break-even is usually after 7 years. What you have to ask yourself is if that return is better than investing that money elsewhere, like another property. Do the math on installation costs and savings to decide if the return makes sense for you.