Solar homes are now the standard in many parts of the United States. There are millions of homes and households which are still held ransom by old traditional utility monopolies. Listen in to this episode to find out the inside scoop on the value solar holds for your real estate and how to take advantage of it.
Solar homes aren’t just trending anymore. They are mandatory in some parts of the country. They are on their way to being mandatory in many more places in the next few years. Yet, there are many homes and buildings which don’t run on solar. There are a lot of debates about its true value, cost, and the returns that real estate investors can expect.
Listen in to this episode to hear our special guest and solar homes expert, Haydn Flores, talk about his experience and the three steps to evaluating and implementing solar.
This is for you whether you still rent, own your own place, are flipping houses, or already have a large investment portfolio.
Check it out now…
Gifts & Recommendations
In this episode, Haydn Flores recommended several books including the bible. Plus, Napoleon Hill’s, Think & Grow Rich, which is all about mastering the success mindset. He also recommended reading The Alchemist, by Paulo Coelho.
Make sure you listen in to this episode for the number to text for thousands of dollars in free real estate training too.
WHY IS SOLAR IMPORTANT FOR THE FUTURE OF REAL ESTATE?
There are three main reasons why solar is so important for the future and real estate.
The first is the obvious environmental impact. Real estate is probably the single largest pollutant of our planet. It’s toxic in many ways from building to maintaining and tearing it down. If this can be improved it can have a significant impact on our planet and health in many ways. Haydn Flores says that after leaving his corporate sales director job and making $2M in his first six months of opening a real estate brokerage and trying other entrepreneurial pursuits, he finally landed on the conclusion that solar and solar homes made the most financial sense for business while having a positive impact on the world.
Cost is another big reason solar is a smart investment. Traditional utility prices never seem to go down. Yet, with all of the devices we are putting in our properties, and the vehicles we are now plugging into them, solar homes and other properties can help offset a tsunami of higher electric and operating costs. Not to mention the cost of traditional infrastructure which would be needed for new properties and would in turn spike other living and real estate costs.
Then there is compliance. Solar is becoming mandatory for all new homes and renovated properties in some areas. Most of the world already have mandates and timelines for going net-zero and eliminating their carbon footprint. Eventually, solar will be required everywhere.
HOW CAN SOLAR IMPACT A PROPERTY’S REAL ESTATE VALUE?
Given that solar is now becoming expected, if not certainly preferred or even mandatory, it definitely brings some value to the table when building, renovating, and selling real estate.
Where this value may be most notable is for income properties and landlords, who Haydn says represent many of his best clients. For them, it means cutting operating costs. There is no more paying utility companies for electricity. That can be tens of thousands of dollars per month in savings. Lower operating costs mean more profitability for income properties and higher valuations and the ability to have access to better financing.
What’s cool here is that tenants are then effectively paying for your property to get solar. They are paying for new assets and energy-efficient improvements for your property while increasing your asset value.
WHAT ARE THE THREE THINGS SOMEONE NEEDS TO KNOW BEFORE GETTING SOLAR?
Step 1 – Diagnose Your Energy Needs
Haydn told our listeners that the first step is to get a consultant to evaluate your property. Discover all the ways your home could be made more energy-efficient from lighting to insulation to smart devices and so on. Find out how much energy you need.
Step 2 – Design A System
The next step is to design a system and determine the right size and number of solar panels for your home. Experts will look at the size of the roof, how much sun exposure it gets, and help create the right package for that specific property. Then you’ll know how much energy you can generate from solar and how much you will save.
Step 3 – Apply
Once you have your proposed system specifications and design, those will often need to be permitted by your local city or council building department. How long that takes depends on how busy they are. Once approved, it can normally be installed in a single day. After that, an inspector will check that it is up to code and will authorize it being turned on.
Summary
Solar can be a great asset to your properties. It can offer thousands of savings while improving income and revenues. All while being kinder to the environment. Listen in to this episode for all the details on how to do it.
Action Steps for Getting Solar On Your Homes
- Consult an expert on the potential and savings
- Get 2-3 quotes from solar contractors
- Get your permits and turn it on
About Haydn Flores
Our special guest on this show and solar homes expert Haydn Flores found his calling in this niche. After being successful in sales and real estate, he found solar the perfect vehicle financially all the while positively impacting the environment.
Transcript
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Speaker 1:
Five four, three, two, one. Welcome to the exactly how podcasts and YouTube show brought to you by connected investors. During this episode, you’re going to discover exactly how to renovate your investment properties, to be more energy efficient. For those of you who are new. My name is Sean Young, today’s host and proud member of the connect and investor community. Now, before I introduce you to our incredible next guest speaker today, I want to make a request that at any point in this show, you like what you’re hearing, please give us a thumbs up or subscribe to the show so that you don’t miss an episode and make sure to look at the description of this episode. As we’ve packed with thousands of dollars in free resources Today, we have the privilege to learn from a man who left his director of sales position to start his own brokerage and made $2 million in revenue in his first six months. Now, prior to his career in real estate, he worked in finance as an advisor, but all that changed when he realized that the solar vehicle was the way to make the most financial Prior to his career in real estate, he worked at prior to his career in real estate. He worked in finance as an advisor, but all that changed when he realized the solar vehicle. I don’t know why I keep saying it like that. Sorry about that. All right, let’s go. Got it, got it. Got it. Right prior to his career in real estate, he worked in finance as an advisor, but all that changed when he realized that solar was the vehicle that made the most financial sense while still making an impact on the world.
Speaker 1:
I would describe our next guest as committed. I would like to introduce you. I would describe our next guest as committed. I like to introduce you to the one, the only Hayden Flores, Hayden. Thanks for being a guest on today’s show. Thanks for having me on here. Sean, look forward to adding some value to your listeners here. Absolutely. We’ve been looking forward to having you and looking forward to this interview all week. So Hayden, um, before we get started, can you tell the audience a little bit about where you’re from and a little bit about your background? Yeah, absolutely. So I was actually born in Toronto, Canada, grew up in Boston, mass, and I’ve gone to high school college in the Charlotte and Raleigh region. So out of college started a couple of entrepreneurial ventures before finding solar, which I’ve become completely committed to in the past couple of years.
Speaker 1:
Got it. Got it. So, so, so where are you based now? You said you’re based in the Charlotte. Charlotte. Got it, got it. You’re not too far from me. I’m here in the Atlanta area. So I know that area pretty good. Nice to spend some time down there for sure. Absolutely. Now guys, before we dive into exactly how to renovate your investment properties, be more energy efficient. Hey, you can it a lot of your success to your morning routine, your daily habits, and constantly challenging yourself. Why do you think this has played such a huge role in your success? A hundred percent. So I’m a firm believer that if you show me your habits, I can show you your results. And I spent the past six years refining my routine to figure out what gives me energy. And most importantly, what I can be consistent with.
Speaker 1:
I used to go through high highs and low lows by trying to do too much. You know, I tried to wake up at 4:00 AM every morning, but it only lasted a couple of weeks, right? So I’m a firm believer that if you lower the bar, which you demand for yourself, you can stay more consistent and it’s more sustainable. So we’re finding that routine over about six years and I’m finally able to do it every day for the past, about three years now. So that makes a lot of sense. So basically it’s just like how, how businesses who are successful operate. They say, Hey, let’s get a system and let’s stick to it or let’s make it an efficient system. And let’s just keep, keep the process going. I, I lied. Can you progress in, uh, you know, refined over time? Absolutely. Absolutely. I love it now, guys, what makes the exactly how financial freedom podcast or YouTube show unique is that every show comes with a detailed action plan.
Speaker 1:
We pull the steps out of each show and create a blueprint on exactly how to implement what recovering today. All you have to do is visit connected investors.com forward slash free to get the key takeaways, the free resources that Hayden has generously allowed us to give you guys today. Plus, you’re going to get a free training right now. All you have to do is text the word exactly to (910) 600-0630. To see for yourself now, Gus, this is exactly how I make my money. You can find properties in any town for pennies on the dollar with this software that I use each and every single day. Guys. Now, as millions of people know the connected investors, it is a social network of real estate investors, and it’s a marketplace for investment properties. In the description of this video, I’ve included a link to this episodes form discussion. So, Hey, let’s dive right into what renovate and investment properties to be more efficient. Sounds like
Speaker 1:
Erase that. All right. Hey, let’s dive right into what Hayden let’s dive right into the steps that were, Hey, let’s dive into the steps to renovate and investment properties to be more efficient. Now, before the show, we broke it down into three steps, contacting a consulting. Sorry about that, Hayden. Now let’s dive into the three steps to renovating. Let’s dive into this. Let’s dive into the steps to renovating investment properties, to be more energy efficient. Now, before the show Hayden broke this down for us into three steps, contact me a consultant to diagnose energy needs, designing a system. Now, before the show, we broke it down into three steps, contacting your consultant to diagnose energy needs, design a system and go through the application process. Now, Hayden, can you break down step one for us, contact me a consultant at diagnosis, energy needs. Yup, absolutely.
Speaker 1:
So most homes can definitely be more energy efficiency dependent on their smart devices, smart thermostats, LEDs, maybe insulation, and an attic. Oftentimes a lot of this equipment can actually be subsidized by the federal or state governments. So what you want to do is contact a consultant, figure out some ways where you might be able to be more energy efficient, as well as learn a little bit more about the incentives and subsidies for getting a lot of that technology. Okay. Okay. Well that brings us into step two, which is designing a system. Yup, absolutely. So we first start off by looking at an electric bill that tells us how much energy a home or property uses from there. We can plug that into our system and determine how many solar panels that property might need. If the house is a good fit for solar. And then once we have that system designed, we’ll tell you exactly how much energy it’s going to produce and how much money they’re going to save.
Speaker 1:
And if it’s a good fit, then we move on to step three. So, so let me ask you, before we go on to step three, when it’s designing a system, um, can, can any new, you know, can any new project be a, uh, a potential solar energy efficient home? And that’s a great question, California actually passed a law to every newly built home, has to have solar on the roof. So it’s happening, but it’s very state-based right. So depending on the state you’re in, and there’s certain policies in place that require a utility company to get more solar on the grid. If you’re in a great area, like for example, South Carolina or Illinois, right? The subsidies are just massive for installing solar, but there’s a couple of requirements. One, you have to have a properly facing roof, right? So we’re in the Northern hemisphere, obviously, right?
Speaker 1:
The sunsets in the East are sets in the West, rises in the East, right? So South gets sun all day long North doesn’t get too much sun. So if a house is facing South, it’s ideal for solar, East and West will work, but we typically don’t put solar on the North side of the roof. On top of that, your roof has to have about 10 years of life left in order to get solar installed. Um, because we do put warranties on the roof and we will put solar on a, on an iffy roof, right outside of that, it can’t be too shaded right there can’t be a lot of tall trees or buildings on each side of the house. It has to be able to get enough sun. So those are three of the primary reasons the house would not qualify. Okay. That makes a lot of sense.
Speaker 1:
Thanks for breaking that down for us. Now, the next step will be the third step, which is going through the application process. Sure. So once we decide how much money you’re going to save, we help you apply with the town for building permits. We help you apply with the utility company and with the installer and financier’s, and then after that, we go out and get a site survey of the home. We take our pictures, make sure the home we’ll call a fire, but then we send you a final design. Should we exactly what the system will look like? Exactly how much energy it’s going to produce from there, we send you a final design, you sign off on it. And we submit for permits. Once the building permits are approved, we get you installed. And typically only takes a day to actually put the solar panels on the roof.
Speaker 1:
And then after that, the utility company comes up inspects. It makes sure it’s up to code and actually turns the system on. So you can produce your own power and stop relying on the monopoly. Wow. That is awesome. That is awesome. So from a cost perspective, what, what do you think the differences would be between someone who traditionally, you know, installs traditional energy, um, a traditional energy set up versus doing, you know, the, the setup that you’ve suggested. So when people ask an ROI, it’s always a funny question because with solar, we do everything at $0 out of pocket, right? So you’re not paying a dollar to install solar on your home. You’re simply financing it anywhere from 10 years to 25 years at a 2.9, 9% rate. So very, very cheap money in today’s market. Right? So what happens is just instead of paying an electric bill, we get rid of that and you now pay a monthly financing bill for your solar panels.
Speaker 1:
Now the beauty of it is just like, you know, us being in the real estate realm, right? We know the value of owning something and having an asset versus a liability and an expense, right. It’s always better to own versus rent, right. But at least most of the time. So it’s the same thing with your power bill. You’ve been renting your power from the utility company, your entire lives, stop paying the monopoly and just redirect that money towards equity, into an assets where you’re paying off your solar panels every month, rather than paying off their power plant. And you’re going to, like you say, at the end of it, you’re owning, you’ll, you’ll never own the, a portion of the energy company or electric company. So yeah, I love it. That’s awesome. That’s awesome. Well, Hayden, you know, I really appreciate you breaking that down for us and guys, you know, as a reminder, if at any point in the show, you like what you’re hearing, you know, please make sure that you give us a thumbs up or subscribe to the show so that you don’t miss an episode.
Speaker 1:
I mean, it’s your engagement that keeps us doing this show for absolutely nothing at all for free. So Hayden, you know, what do you think, you know, our audience is really going to enjoy about this information that you hold on. Sorry about that now. Hey, you know, I really think that our audience is going to enjoy all this information that you’re sharing with us today. I mean, it’s a lot of great information and, uh, I think that, um, you know, someone who, like you say, who’s thinking of from an investment standpoint, it’s always, um, it’s always good to hear about ways that you can expand your investments right from the beginning. So this is like someone who’s, who’s starting to say, someone wants to start a bunch of, uh, projects. They can implement this type of a process into those, those processes. And if I’m not mistaken, someone’s got to pay some form of electricity.
Speaker 1:
So you can still leverage that. I think with like your rents and, you know, charging fees on that to your tenants. Am I right in that? Or am I kind of thinking a little too out there? No, you hit the nail on the head and that’s why some of my favorite clients are landlords it’s simply because instead of that property paying an electric bill, it just has a lower bill going towards that landlords solar panels. So if your tenants are paying a hundred bucks in electricity, it’s super simple. You get them away from the electric company. And instead they’ll have roughly a seven year $80 bill going towards your system. So instead of them wasting a hundred bucks, they’re going to save 20 to 30 bucks a month and you’re going to build 70 to $80 worth of equity in the home each month. So they’re already paying off your mortgage. They might as well pay off your electric bill too. That is awesome. It’s awesome. I love it. I love it.
Speaker 1:
So Hayden, let me ask you this, you know, what do you think your life would be like if you never started those? So, Hey, let me ask you, what do you think your life would be like if you never started, you know, several small businesses within the solar realm and you were still working as a finance advisor, to be honest, I can’t really see myself doing anything other than what I do now. Uh, as a millennial, you know, I’ve always wanted to make my impact on the world and, uh, and the environment, right. And solar is really the one vehicle I found through all of my past, you know, small successes and failures. I’ve been led to solar, which is in my opinion, just the perfect vehicle, um, just saving property owners, tens of thousands of dollars, making an incredible impact on the environment. You know, it’s just to me, the perfect vehicles, I’m thankful for my past failures because I’ve learned lessons along the way, and it’s turned me into who I am today.
Speaker 1:
Awesome. Awesome. I love it. I love it, man. You’ve got a lot of great principles that, uh, you know, a lot of great information. I’ve really enjoyed what you’ve shared with us thus far. Now this brings us to the rapid fire session of our show Hayden. Um, or it’s basically, I’m going to ask you a few questions and you’re going to give me the first answer that comes to mind. Let’s do it. Got it. On a scale from one to 10. How strict were your parents as the only child on say a seven. Okay. And get up early or stay up late. I’m a night. Owl has trouble waking up too early. I stay up pretty late. Yeah. I can hear you there on the same way. How many hours of sleep do you think you get per night? Anywhere from, I say six to eight.
Speaker 1:
Okay. What is your favorite or book read? I definitely can’t pick a single favorite, but top three would have to be the Bible thinking grow rich and the Alchemist. Great books. All, all three grade books. Now, if you could be any superhero, Hayden, who would you be? Superman, simple. Untouchable God, a good one. Goodwin, something everyone should do less of a complaining or judging others. Okay. Something that everyone should do. More of focus on their habits, Andrew routine, something they can do 365 days a year. I love it. I love it. Controlling your own self. You can control that. That’s right. Bitcoin banger bust. I’m going to say bang. I think it’s Ray Dahlia that says the currency changes every 70 years and it’s about that time. Right? So I think it’s just going to make sense with the way the world is turning. Gotcha.
Speaker 1:
Makes sense. Makes sense now. Um, well people live on Mars in your lifetime. I sure hope so. And I, I hope to maybe have a vacation house there. Man. Elon Musk is one of my personal heroes. I’m excited to see what he’s doing, but we’ll be on Mars in the next, next 70 years. Okay. Got you. Got you. Well, Hayden, you have been an awesome guest today. I really appreciate everything that you’ve shared thus far. Is there anything that you think our audience needs to hear or, or needs to take away that maybe we didn’t cover or go in depth with, that you know, is important for their success in that, in that solar energy realm? Of course, I will say that there is billions of dollars spent in propaganda. Making people think a lot of misconceptions in solar that it’s too expensive. That it’s a futuristic technology that it’s going to harm the roof, all misconceptions, right?
Speaker 1:
I highly encourage everyone to at least get free estimates on their home to see a solar is a good fit because if you have a good house for it financially, it is an absolute, no brainer. You just got to see your numbers so you can make an educated decision. I mean, it sounds like a no brainer. I’m excited to hear about this and you, I’m looking forward to implementing that in a future project myself. So absolutely. I definitely thank you, Hayden and guys, you all made it to the end of the show and like, you know, like they say, most people never start what they finish. So count you guys as being special. Now, if you got any value out of the show today, please share this with a friend or share it on your Facebook page. Like this video, subscribe to our channel and send us topics that you want to learn more about. And like I said earlier, guys, nearly a million people use the connected investors, social network and marketplace to connect in the description. This episode, I’ve included a link to the episodes form discussion. All you have to do is tap that link, ask me and other pros questions and see what other investors are saying about this particular episode. So guys, until the next time you can catch me on the inside of connected investors. See you then.
About The CEO
Ross Hamilton is the CEO of Connectedinvestors.com an investment property marketplace and social network for real estate investors with close to a million members. Several years ago Ross launched a private funding portal (CiX.com) that disrupted the entire industry. His portal facilitates over 3 Billion in funding A MONTH.
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Connected Investors
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