Solar
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Solar (by Ken [NY]) Jul 28, 2021 4:16 PM
       Solar (by Robert J [CA]) Jul 28, 2021 6:59 PM
       Solar (by Ltd [AZ]) Jul 28, 2021 7:21 PM
       Solar (by Robert,OntarioCanada [ON]) Jul 28, 2021 7:33 PM
       Solar (by Ken [NY]) Jul 28, 2021 9:23 PM
       Solar (by Robert,OntarioCanada [ON]) Jul 29, 2021 12:18 AM
       Solar (by Ray-N-Pa [PA]) Jul 29, 2021 7:31 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Solar (by Ken [NY]) Posted on: Jul 28, 2021 4:16 PM
Message:

I am going to look at a 2 family tomorrow with solar on the roof,it appears to have been there quite awhile from the UCC filing at the county clerks office.I dont want anything to do with it on the roof if i buy the place.I have never bought a place with solar so have no experience dealing with it.What should i expect from either the seller or solarcity? i do believe solarcity was sold but do not know to who. --72.231.xxx.xxx




Solar (by Robert J [CA]) Posted on: Jul 28, 2021 6:59 PM
Message:

I purchased an office with solar on the rooftop. The contract between the current owner and the solar provider had a "transferable contract", meaning the system transfers with the building to the new owner. BUT!!!!!!! in small print is had a "Due on Sale Clause".

That contract was for $22,500 for the solar and the rest was interest to a total contract price of $29,000. So if you sold the building in year 1 or in year 14, you would still own the contract price, paying interest even before it occurred.

So the seller of this office building thought I was taking over payments. While in fact it was all due upon the sale of the property, just the new owner of the building would own the paid off system.

When it came time to close, the seller noticed he was being hit with a twenty something charge to pay off the system. He tried to get out of selling the property, I wouldn't let him back out so fast.

So this is one thing you have to look for when reading the documents concerning the solar system. --47.155.xx.xxx




Solar (by Ltd [AZ]) Posted on: Jul 28, 2021 7:21 PM
Message:

I would think solar would be a big plus for renters. And it makes "you" a "green" landlord, so the city should love you. LOL

Why do you not want it? If you remove it you are going to have a bunch of holes in the roof I would think.

My next home will have solar, but it will be off-grid. We don't have it now because our AC requirements would need a huge array and we'd never get our money back. Our electric co-op has very low rates compared to other places.

--47.216.xx.xxx




Solar (by Robert,OntarioCanada [ON]) Posted on: Jul 28, 2021 7:33 PM
Message:

It is better to buy own equipment as solar panels deteriorate with age. Suppose you are ask to pay full price for a ten year old vehicle. If wanted to be net zero where solar would provide all the power to the building then insulation would have to R 60 in walls and R 90 in ceiling along with new triple pane windows. The of solar panels has come down along with can buy solar panels that provide more power per panel. --99.236.xxx.xxx




Solar (by Ken [NY]) Posted on: Jul 28, 2021 9:23 PM
Message:

LTD,I dont want to have to deal with somebodys elses contract concerning 20 year old equipment,I certaintly dont want the payments if there are any still.I dont like them on roofs with the snow load we get here although after 20 years that is probably not a problem at this house.I dont care what the city or a bunch of liberals think of me and i dont think it would benefit the tenants anyway because if there is a benefit i will be keeping that. Robert,if i buy this place i will only be giving her enough money to pay off the mortgage and i am not interested in coming out of pocket for solar --72.231.xxx.xxx




Solar (by Robert,OntarioCanada [ON]) Posted on: Jul 29, 2021 12:18 AM
Message:

The roof can be reinforced to handle weight. Shingles weigh much more then a steel roof. Anything to do with government or a another company where the benefits are going to be creamed off where it is like renting equipment. If own equipment there is a payback period where if energy prices go up then the payback period is reduced. The problem here if solar panels are added along with stucco where the insulation is upgraded then the accessment for property taxes go up. Where in one hand they give subsidies then in the other hand tax it forever then there is no benefit. Here inside the house or building you can things yourself without involving government or some company where it is rocket science to reduce heat loss or heat gain. Spray foam has the least air and heat transfer in a confined area. Here there is a 13 per cent harmonized tax on utilities where oil or natural gas there is carbon tax which is going to go up every year. They talk about fifty or hundred per year where that is going to go up more. A tax is sneaky where every year it goes up and up. In the house can reduce natural gas and electric consumption by using EPA rated wood stove where can get free wood along with creating more carbon. Heard in Us they are proposing a carbon tax like here where every year it is going to go up and up. There is a federal election in the fall where hope the Liberals do not win or win with a majority. Voting for the Conservatives. The world no matter where you live is heading towards reducing carbon emissions no matter which party wins the election. Buildings account for 30 per cent of emissions. In the apartment buildings reduced energy consumption where reduced operating costs where the buildings are worth more. --99.236.xxx.xxx




Solar (by Ray-N-Pa [PA]) Posted on: Jul 29, 2021 7:31 PM
Message:

A 20 year old system doesn't sound all that top notch.

I wouldn't like it if it was new, but it being 20 years old - I hear money being sucked out of the property. --24.101.xxx.xxx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Solar
Your Name:
Your State:

Message:
Solar
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: