Real Estate Agent · Los Angeles, CA · Member since 2019 · 302 posts · 163 votes
Hi BP Community,
I'm buying my first STR in Joshua Tree and thinking of putting solar on my STR. Anyone have experience with solar and would recommend it? Also is it better to lease or take a loan out and buy?
Realtor · Minneapolis, MN · Member since 2017 · 47 posts · 30 votes
4y
Hi Robert!
I would be happy to connect with you if you haven't already with someone. I think there is far more value in having solar on a STR than a long-term rental just because you are most likely the one paying for the utility bills. And the cost of the electric bill is going to be all over the place. With solar, you will have a fixed rate that you can budget for and help hedge against the ridiculously high California prices. Buying is almost always going to be better through cash or a loan and much easier down the line if you ever sell the property.
If you want to chat more, feel free to connect and we can talk!