Friday, September 30, 2011
Solar power in an investment home
Solar power - what a wonderful invention, one that is slowly saving our planet. But recently an investor was faced with a dilemma. If they invest in a property that has solar, or installs a new system, who will really benefit? At first, it's obvious that the savings (or even the profit in some circumstances), will show up on the electricity bill, meaning the tenant is the only beneficiary. In essence, this means the owner has to somehow account for this financially. How though? Work out the approximate saving and include it in the rent? Ask for the electricity bill to be in the owner's name? Is it just to the benefit of the tenant? A cheque in the mail from a larger solar system is still a cheque in the mail. Interesting dilemma.