TL;DR – Is it unnecessary to install solar on an investment property?
Hello fellow house hunters!
I closed on a duplex fairly recently (yay!) that I will be house hacking, then eventually moving out to rent out. I’ve always been interested in solar and being more environmentally friendly. After I closed, I reached out to a few solar companies who were willing to send out their sales representatives and pitch me their company.
My idea was to install solar panels and receive the tax credit. I thought that it might make my property more attractive towards renters since their electricity bill will be lower and I could possibly charge higher rents. I feel that this would increase the value of the property so it might be easier to sell in the future.
With that thinking, would it be a waste of my money to install solar on my property?