New to Real Estate 路 Joliet, IL 路 Member since 2021 路 89 posts 路 135 votes
I am curious to get others take on buying solar powered homes as investment properties. On one hand I can see it going terribly wrong if the panels are leased, but on the other of you own them outright, you deal with maintenance, and the tenant benefits from lower bills. I can imagine there is a way to own them and as a possible value add, become the utility company for your tenant.馃馃馃
Investor 路 Las Vegas, NV 路 Member since 2013 路 8k+ posts 路 10k+ votes
4y
This is literally asked monthly if not weekly. Feel free to click on the magnifying glass in the upper right.
You lose out on the solar tax rebate because it鈥檚 not for your personal home. You can expense them if you rent them, but if your plan is offer tenants lower utilities there鈥檚 no gain. You鈥檙e just otu more money fi they stop paying rent. You can depreciate them if you buy them but then you have to recapture them and face a 25% tax. If you ever want to sell and don鈥檛 own them outright you shrink your buyer pool. If you do own them outright you usually lose 50-100% of the money invested.