Selling a House with Solar Panels

Selling a House with Solar Panels

Solar panels are becoming more and more popular, particularly in areas that get a lot of sun. The obvious next question is; what happens when you want to sell your home? Are solar panels a selling point? How difficult is it?

Is it Harder to Sell a Home with Solar Panels?

No, it shouldn’t be more difficult to sell a house with solar panels. In fact, with today’s focus on being energy efficient and environmentally friendly, it can be easy to sell your home with solar panels and they are a selling point.

Thinking about selling your house in Las Vegas with solar panels? Call/text (702) 718-3878 to connect with a local agent today.

How to Sell a House with Solar Panels

How easy is it? That will depend on three factors, but none of them are deal breakers nor are they really that complicated.

Sell a Home with Owned Solar Panels

The easiest way to sell is if you own the solar panels outright. That means that all loans used to purchase them are paid off and you aren’t leasing them. With that, it’s fairly straight forward, although you will want to make sure they have been properly maintained.

If you do still have a loan on them, it will most likely have to be paid off before the sale is finalized. This can be done as part of the deal or beforehand. Companies may put a lien on the home before it’s paid off, which is why it would need to be done.

Sell a House with Leased Solar Panels

When selling real estate in Sun City Summerlin with solar panels (or elsewhere), if you lease the panels, you have two options. Option one is to buy out the lease, which would mean you then own the panels outright. This is probably the least complicated way to deal with the lease. You can also sign the lease over to the buyer, if both the buyer and the lease holder agree.

There is a caveat to sign the lease over; the buyer has to have a certain amount of credit before most companies will work with them. If they are able to buy a home, that may not be an issue, but best to make sure beforehand.

Will leased panels affect the value of my home?

It shouldn’t, according to Lawrence Berkeley National Laboratory. The study mentioned that there was a nearly eighty percent turnover of the leases to the new buyer, with only a few deciding not to buy.

Would I get more for my house if I owned my solar panels?

If you already own your solar panels, you are likely to get a higher price for your home than if you are leasing, according to a Lawrence Berkeley National Laboratory study.

Conclusion: Sell Your Home with Solar Panels

It should not be difficult to sell a home with solar panels, whether you buy them or lease them. In fact, it might be a strong selling point if you live in a state that gets many days of sun during the year. Talk to your real estate agent and find out what will help you find the right buyer at the right price.

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