Financial incentives exist to encourage the adoption of renewable energy systems in residential buildings, including those used for lease. For example, a property owner could receive a tax reduction for installing photovoltaic panels on a multi-unit dwelling.
Such programs can significantly reduce the upfront costs associated with solar installations, making them a more financially viable option for landlords. Historically, the high initial investment has been a barrier to widespread adoption of renewable energy in the rental market. These incentives help overcome this obstacle, fostering growth in the sector and contributing to broader environmental goals. Reduced operating costs resulting from solar energy generation can also translate to higher profit margins for property owners.