Should You Invest In Solar for Your Rental Home?

Should You Invest In Solar for Your Rental Home?

Atlanta, Georgia gets a lot of sun. The city benefits from around 217 sunny days each year. So, why not take advantage of that fact by using solar panels?

Many property owners are still unsure whether solar energy is right for them. But are their concerns justified? Or is solar energy one of the best things you could invest in as a property owner?

Wondering whether you should invest in solar for your rental properties? Read this article to find out whether solar energy is a good fit for you!

Bring Down Utility Costs

Utility costs can be a major expense for any property owner, with bills in Atlanta rising by as much as 20% in recent years. But using solar energy allows you to make huge savings. Instead of lining the pockets of big energy companies, you'll harvest energy directly from the sun!

By bringing down the utility costs for your tenants, you can charge a higher rent. Tenants will be able to pay a little more since they're making big savings on monthly bills.

You'll also make direct savings at times when the property is not occupied. Waiting for tenants to occupy the property can be a very costly time for the landlord, but cutting down bills helps to take the edge off.

Increase Your Property Value

If you plan on selling your property in the long term, solar panels can help you increase the property's value. Prospective buyers will be attracted by the chance to save on utility costs, and some research shows they may be willing to pay significantly more for solar-equipped properties.

Many landlords want to flip their property as the price rises. Getting solar panels is a shrewd investment that can put you ahead of the competition.

Get the Benefits for a Low Stating Cost!

One of the main reasons many people avoid solar is because of a perceived high cost. But the increasing popularity of solar panels, along with various technological advancements, means it's never been cheaper to invest in solar energy for your property.

You might be surprised at how affordable these panels are. And you can make back the money you spent in a matter of years, thanks to those utility bill savings we mentioned. Besides, you'll recoup even more of that money if you sell your property in the future.

It's easy and convenient too. The panels can be installed in a matter of days., And they can be placed on the roof, so they won't be easily noticeable from ground level. After installation, they require very minimal maintenance.

Invest in Solar Today

There's never been a better time to invest in solar. It's a great way to improve your property and make maintenance easier for you and your tenants.

If you're a landlord and you need help managing your properties, look no further. Contact us today and find out more about the ways we can help you.