Photovoltaic systems for rental properties
Hi guys,
I am considering installing a 3.5 kW grid-tie photovoltaic system with micro-inverters on each SFH rental property that I buy here in the DFW area. The initial investment for the system will be around $12k. My all in when buying homes is around $100k including the solar system.
Property guidelines:
Between 1300 - 2000 sqft
Pitched roof with substantial south facing surface area with minimal shade
Single story
All electric
Now, outside of, reducing my carbon foot print, local and federal tax credits do you see this as being a smart marketing tool to obtain and/or retain tenants? I see that offering the property with electricity paid may help increase my tenant pool, but with the risk of getting a tenant that would "over use" the power significantly beyond the power that is supplied by the system. Otherwise, I could offer the property stating the benefits of the system and have them pay their own electric bill.
Thoughts?