So you’ve decided to sell your house, but you’re not sure what to do about the solar panels that adorn its roof. That’s a valid worry. It might be tempting to leave them out of any real estate listing description, but that won’t work for long. Sooner or later, the interested parties are going to want a look at those panels and get some answers about your solar-powered property. So let’s see if is it harder to sell a house with solar panels?
Solar Has A Positive Effect On Selling Time
It’s difficult to put a number on how many solar panels will help or hinder your sale. Many factors go into whether or not a home sells, and the addition of solar panels is only one. In some markets, it may positively affect selling time; in others, it might have a negative one.
Several studies have shown that solar panels have a beneficial influence on property resale value. As per a recent Zillow research, solar-paneled homes in the United States sell for 4.1 % more than comparable properties without solar panels. According to research done by Berkeley Lab, homes with solar panels sell more quickly than those without.
What Impact Do Solar Panels Have On Home Value?
These findings should be taken with a grain of salt, however, as it turns out homeowners who install solar are likely more environmentally conscious. Therefore many have been willing to pay more for their houses in the first place. Thus making them appear like better investments overall. In the same way, people who buy organic food appear like better investments because they’re willing to spend money on something others don’t. While there is an upward trend in terms of value increase when it comes to houses with PV systems installed. There’s no guarantee your home will sell for higher than market value if you install them before listing it.
Selling a House with Solar Panels You Own
There are a few options to consider when selling a house with solar panels.
- You can sell your house with owned solar panels. This means that you own the system and will be responsible for transferring it to a new owner.
- You can sell your house with leased solar panels, but only if the agreement requires the transfer of ownership of the system to the new owner upon the sale of the home. If you’re leasing your home, consult with an attorney about this option before making any final decisions about selling it. There must be no ambiguity in terms of who owns what. How it will be transferred upon purchase of the property by another party.
- Finally, if neither option sounds right for you (or if they both sound like too much trouble). There is also another alternative: do nothing at all. Solar panel owners don’t always need to go through all this hassle just because they want their houses sold quickly or easily. Sometimes just sticking around long enough until someone else decides they want one too can work out just fine…
Selling a Home With Solar Panels On Lease
If you have leased solar panels, then the buyer will have to pay off the balance of your lease with the solar company. If you own them, though, they’ll be included in your asking price.
The good news is that once the house is sold and a new lease has been signed, you won’t have any further financial obligations to worry about. You can move on to start a new chapter in your life or just enjoy your first home sale!
Potential Problems Selling A House With Solar Panels
Before you start preparing your house for sale, it’s important to consider the potential problems that might arise. Several issues could make a house harder to sell with solar panels.
Maintaining A Solar Panels Cost
One issue is the cost of maintaining solar panels. When you own a home, you have a lot more control over how and when you maintain your property than if you rent or lease an apartment or condo. Since leasing is more common than buying in many cities these days. This may not be an issue for many people—but if you’re still paying off a mortgage on your home. Maintaining those extra components can be difficult when they’re not yours.
Another problem with selling houses with solar panels is visibility from outside the home itself. Do the panels face away from street-view windows? If so, potential buyers may assume there’s something wrong with how much sunlight reaches those rooms (since we know there isn’t). On top of that, who wants to see their neighbors’ rooflines? You don’t want anyone peering into your private space.
Selling Your Home With Solar Panels Can be Easy
It is a good time to sell your home with solar panels. With the increasing popularity of green living, more and more homeowners are installing solar panels in their homes. The market for these homes has grown considerably in the past few years.
Solar panels can be removed from a house and placed in another home, so even if you don’t plan on keeping them forever. It may be possible to sell them after moving into your next place. If you’re not sure how much they’re worth or where to move, you can take them off before selling. Put them back up when one of these situations arises.
Even if there are no plans for relocation or removal at this point (or ever), selling solar power systems as part of an overall package deal could potentially bring in more money than selling just the house itself—and that’s never a bad thing.
Great Selling Point “I have solar,” And Getting A Sale.
Solar home values are still increasing, but it may not be as simple as saying “I have solar,” and getting a sale.
The good news is that solar panels are still a great selling point. In fact, according to a recent survey by the National Renewable Energy Laboratory (NREL), 46% of respondents said they would be willing to pay more for a home with solar. The bad news? It may not be as simple as saying “I have solar,” and getting a sale.
Considered Factors Before Purchase
The first thing you want to do is get an idea of how much electricity your home uses per month. So you can figure out the size of the system needed for your home (and how big your savings will be). Then think about what kind of roof space you have available. If any structural issues will make installation difficult or impossible. Once you have this information, look up average costs for installing solar in your area on sites before calling around potential installers.
Whether the solar on your roof is leased or owned, selling your home with solar panels doesn’t have to be a headache. It’s important to know how to talk about your system so that buyers can see the value for themselves. Understanding what makes your system valuable (like its age and condition) will help you sell it as an asset of your home rather than a hindrance.