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South Carolina Real Estate Q&A Discussion Forum
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Updated about 4 years ago,

User Stats

53
Posts
22
Votes
Jonah Kolsrud
Pro Member
  • Ladson, SC
22
Votes |
53
Posts

Solar Panel Use for Tax Advantages/Cash Flow on Rentals

Jonah Kolsrud
Pro Member
  • Ladson, SC
Posted

Hey BP members, I was doing some research on tax advantages to switching solar in South Carolina for rental properties. From what I can see there is both a state tax credit (25% of the total system cost up to $35,000) and federal tax credit (30% with no cap), but am curious what other investors experience has been with having these installed on rental properties. It seems like it could be a viable strategy on to increase cashflow by having renters pay you vs. your local energy provider (i.e. you charge a flat rate per month to renters that covers your financing cost on the panels + a set amount for you to pocket).

Thanks in advance for everyone's thoughts/experiences! Happy Thanksgiving!

  • Jonah Kolsrud
  • Loading replies...