Revenue from Solar? RECs income in Maryland?

[Ryan VanPatten]

Hi,

I wanted to see if anyone has placed solar pv on rental properties?

If so, what was your motivation? Do you advertise this feature and/or is it a large driving factor to attain particular tenants? How much do you make from selling RECs?

Also when selling, does solar add a premium?

Thanks for any feedback or stories!

[Russell Brazil]

Solar typically lowers the value of the property in the DC area. More so with leased panels verse owned ones. Less so when they are on the back of the house as opposed to the front of the house. Less so in DC proper, more so in the suburbs.

Energy costs in this regional are pretty moderate, so for most people the aesthetics of a house are more important than the small energy savings.

On a typical median priced home in Montgomery or Fairfax County you would see about a $20k drop in value by adding panels.