Realty411 Magazine Featuring Lori Greymont | Page 66

Solar Advantage, pg. 64 These incentives are offered on the state and federal level, with many states maxed out already on the state rebates. This has helped to increase solar installations by 40% in the last couple years and with the 30% federal credit dissolving in 2016, it’s no won- der there is a sense of urgency. INVESTORS HAVE MULTIPLE OPTIONS: 1. BUY AND HOLD #1: Buy the property, purchase (not lease) their solar system for the home. Collect 30% federal credit and move in and enjoy the benefits of their solar system saving them money right away. 2. BUY AND HOLD #2: Buy the property, purchase (not lease) their so- lar system for the home. Collect 30% federal credit and rent out the property. They are the utility provider now, essentially, and can charge their tenant the amount they choose, for the use of the electricity or raise the asking price for the rent to include electricity. 3. BUY AND FLIP: Buy the prop- erty, flip, and include a solar pv system (purchased not leased) in the renovations. Collect 30% tax credit as the original purchaser of the solar system. List the property for sale and raise the asking price of the home based on the value of the solar system. would need to be displayed on the front, side or back of the house. And now due to lenders wanting to make sure they have their foot in the door — specific lenders will allow the homeowner to include solar in the original purchase of their new home. INCREASED PROFITS.  REALTORS® are starting to realize that the use of solar in their marketing efforts is becoming a useful tool in garnering the attention of potential buyers. It’s possi- ble that most of their homes they have listed do not include solar. But there are REALTORS® staying ahead of the game and instead marketing the option of solar based on how optimal each individual listing is and using this information for their open houses.  ONE PAYMENT FOR EVERYTHING. Secondly, if their seller does not want to pay to have solar installed, they can market the solar option for that particular home, increasing their buying pool. The right solar installer can get you a quick install before the new homeowner even unpacks their boxes. Third, many REALTORS® have stated that by advising their past clients that they now have a connection in the solar indus- try, they have found it to be a great excuse to reconnect again and have even received several referrals from past clients. The REALTOR®is now connected in more than one industry, proving to be a greater asset for buyers and sellers alike. In 2015 if you are a REALTOR® or investor, solar could be your new best friend. v WHAT DO THEY STAND TO GAIN? First off, they have an added tool they use for their sellers and their buyers. Their buyer is likely to get solar at some point for their new home. Now they can find out if the roof space is sufficient, if there is high sun exposure and orientation of the house will determine whether the solar