Monetizing Solar Panels for Apt Buildings

[Mike Mefferd]

In continuing to think of new ways to add additional value to my apartment buildings, I wanted to get peoples thoughts on installing solar panels and finding a way to monetize this. Has anyone ever done this and had any success?

I'm not sure if tenants would pay more money for the unit if we had these, but I was thinking about paying for all the electric myself and then billing back the tenants for all their electric usage. This way, instead of them making their $75/month payment to the electric company, they make it to me. On paper, I think this added income would more than cover the cost of the system. I'm curious to see if anyone has tried this approach or if there are any issues with. Love to hear your thoughts!

Thanks,

Mike