A Proprietor’s Guide to Solar
Solar panels are a great way to increase the profitability of a rental property. Sangamon Solar is a full service solar company, providing end to end service in order to make your commitment to solar as easy as possible.
How can a proprietor benefit from Solar?
Here are some of the primary benefits of solar panels for your rental property:
Cut or Eliminate Personal Electric Costs (If You Live On-Site):
Reduce or eliminate your own electric bills by installing solar panels and incorporating energy storage solutions.
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.
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