Like some you out there I have some units that people pay a flat amount for rent, electrical & water. I’m giving some thought to putting solar panels on 1 of my units to experiment with the idea. I’m getting prices now to see if it’s financially viable. The gov’t allows you to write off 80% of the cost if it’s your home however it must be primary residence so no 2nd homes or investment homes.
Has anyone seen are used solar panels in a park enviroment?
You must admit it’d be pretty neat to have the sun make electricity for you that you in turn sell back to your renter.
My CPA is getting me an analysis on it. The length of depreciation time will make or break the financial part of the deal. Do anyone know about weight limits on roofs? Should I look at poles? I’ve spent thousands removing Pine trees from my parks so thats no longer an issue. Yes huricanes are an issue here in Southwest Louisiana however I suspect I could put a rider on my policy to cover the solar investment? Anyone with suggestions or comments please advise me now! I’m in Go mode!