Rent Your Roof for Solar, Has Anyone Tried This Before ??

[Kenny Lincoln]

Has anyone rented their roof for additional monthly income as it relates to solar energy?

This opportunity has presented itself to me and I'm doing a bit of research. I can rent my roof to a company for solar power. If the roof needs repairs they would handle that process and maintain the solar equipment. Lease terms are usually 20 years or longer, they would cut me a check for renting my roof. My tenants would keep paying the regular utility bills each month while I make money off the roof. I could offer my tenants a credit towards monthly utility bills based on how much income I make from the solar company.

[Steve K.]

Hi Dan,  There are a lot of solar contractors operating in Chicago, which is a good indication that solar electric systems make economic sense in your market, but it will depend on the specifics of the roof, electrical usage history, type of meter at the property, and net metering agreement available from the utility. Best place to start would be to contact local installers, who will be able to provide free consultation and put together quotes for you. I would get 3 quotes to compare. Energysage, a rating website of solar installers, is a great place to find local companies to talk to.