All Forum Posts by: Sean Lacey

Thank you all, I appreciate the advice! The answer seems clear.

From the feedback I've gotten from the mockup, if you have coverage for at least 100% electricity offset, then it would work. I've also been told that the panels still generate energy when it is cloudy. I'm not sure what the validity of that is though.

Hi! I'm an investor with a few properties in Akron and Canton, OH. I have a property that I'm currently living in but plan to turn into a rental once I buy a house in the next year. I'm considering adding solar panels to this house to offset the rising electricity costs in Ohio.

I plan on using the PPO strategy (renting the system) for the panels since the property is worth around $180,000 and is at the top of the market for its location in Akron. I will be living in the house for a minimum of 6 more months but I am sizing the panels for a family of 4. 

The monthly panel bill will be around $130. However, I will get a credit from the electric company for the excess electricity the panels produce. Based on the sight survey, my property has a 113% electricity offset with a 9.72 kW system. Given this information, do you think adding the panels to a rental property would be a good idea?

 Properties in Cleveland have a tendency to meet or exceed the 1% rule. Cleveland is also going through an expansion that could lead to appreciation in the future. There are also areas to watch out for safety-wise that offer lower price points.

Columbus prices are rising quicker than Cleveland as the city is experiencing a great amount of investment and development. Cash flow will be less, but appreciation will be higher.

Both are great long-term markets to get into!