Should I Invest in Solar for My Rental Properties?

A Property Owner's Guide to Solar

Solar panels are a great way to increase the profitability of a rental property. Solar can attract Tenants with lower energy bills and guaranteed renewable energy. Sangamon Solar is a full service solar company, providing property owners with options to own or lease solar panels on their property for zero money down.

How can a landlord benefit from Solar?

Here are some of the primary benefits of solar panels for your rental property:

• Lower Tenants Electric Bills:

  • Enable tenants to save on their electric costs through community solar programs, energy-efficient upgrades, and smart energy management tools.

• Justify Higher Rent for Tenants (If They Pay Their Own Bills):

  • Command higher rental rates by promoting energy-efficient and eco-friendly features that lead to lower utility costs and enhanced living comfort.

• Reduce Your Building’s Environmental Impact:

  • Lower your carbon footprint by generating clean energy through solar panels and adopting overall energy-efficient practices.

• Enhance Property Value:

  • Boost the market value of your property with solar installations, energy-efficient upgrades, and green certifications.

• Improve Property Resilience and Sustainability:

  • Enhance the durability and long-term sustainability of your property by integrating renewable energy sources and energy-efficient technologies.

 

What are some Financing Options on Solar Projects as a Proprietor?

Buying your system, or as we like to say at Sangamon Solar “owning your energy” is the best option for long term financial benefits as a proprietor. That said, the upfront cost of a solar energy system can be difficult to manage and a barrier for some. The good news is that there are options for financing solar. 

A solar loan enables you to own solar panels without an initial down payment and make fixed monthly payments until the loan is paid off. Owning your solar system also makes you eligible for any current or future federal or state-level solar incentives.

Similarly, Sangamon Solar is willing to offer Power Purchase Agreements with Customers, allowing Zero Money Down solar for customers, typically with an agreement where the Customer owns their system after 20 years.