Single Condo Solar Panels

Even if you live in a condo you should seriously consider this option to save money and at the same time lower your carbon footprint.

Single condo solar panels.

There are several approaches that condo dwellers can take to getting condominium solar panels approved. Because solar projects in condominiums involve multiple stakeholders they are inevitably more complicated than. A good way to think of it is if half of the condo owners want to install solar panels on the property and they have enough money and space for the project then they can do it. If you own a condo unit and want to go solar there s two big things you should have in order to make this a reality.

Under a solar lease the condominium makes scheduled pre determined rental payments to a solar leasing company which installs and owns the pv system located on the condominium property. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. We wouldn t penetrate the roof membrane. First they ll need to gain permission from their condominium board of directors or homeowners association hoa by confirming that solar will not damage their building s roof and if it does it is covered under a warranty and will increase the property s value.

Alternatively an association could consider a third party model such as a solar lease or a power purchase agreement ppa. Solar for condominium unit owners is uncommon but gaining steady popularity particular in states like california where specific legislation has been written about it. I want to debunk the myths associated with generating solar power on condo buildings. Characteristics of successful solar projects for condos associations.

Approaching the condominium board of directors was easier than i thought it would be. A solar system can be connected to the electric meter of a single unit. Luckily solar power isn t just for single family homes you can make the transition to solar even if you live in a condo association. While a little more challenging than a single home residence putting solar on your condominium may be more realistic and financially advantageous than you once thought.

Installing solar panels was one of the smartest investment decisions we ve ever made and we ve cut down our electricity consumption by an average of 70. Here s how we did it. This law change will make solar adoption in condos far easier and more likely for these shared space buildings. If the cost of paying for the system is less than the savings on the common area electric bill solar can be a cash flow positive decision for a condo from day one.

Solar on individual units solar panel installation on a commercial building in washington d c. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Our condominium unit is now equipped with a 1 7 kw solar system that generates more than enough power for our unit.