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Updated about 4 years ago,
Solar Panels on a rental in TX
I am closing on my first SFH that will eventually be rented out in Harker Heights, TX. The neighborhood and surrounding areas have tons of homes with solar panels.
I am about to start running numbers on the possibility on costs/energy savings/ and electrical company potential credit back from
Energy collection. I’ll figure out how to calculate that the hard way.
Has anyone had success with it? Is it even profitable on a rental?
Pros-
no money down, free installation.
Maybe some credit back on utilities
Cons- Additional monthly expense.