Selling Your House With Solar Panels

Installing solar panels is a great way to save money on your utility bill.

Selling your house with solar panels. However if you re looking to sell a house and you have solar panels fitted to it there may be a little reluctance to even view it. But when buying or selling a home solar panels can add some complexity to the transaction. Selling a house with solar panels comes with unique challenges depending on where you live and whether you bought or leased your system. Selling a home with owned panels is easier than selling a home with leased panels.

Solar panels on homes were incredibly popular just a few years ago. It is common that residential solar panel leases provide language similar to if you sell your home you can transfer this lease and the monthly payments. Buying your solar panel system outright will add value to your home. When you own your solar energy system outright you ll likely get more money for your home potential home buyers are willing to pay more for owned systems than leased systems and enjoy a more straightforward sales process.

Obviously this creates issues when selling a house with solar panels on the roof that belong to someone else. Selling a house with owned solar panels is more straightforward than selling a home with leased panels. Solar panels can make money for homeowners and there are some buyers who would love to have them but there are many situations where buyers have seen the large panels on a property and. But if you plan to sell your house in the next five to 10 years you ll be much better off buying the solar panels instead of leasing.

Both options have their pros and cons so you ll need to review the terms and conditions of your contract to evaluate which is best for your particular situation. Buying out the remainder of your lease allows you to own your solar energy system before you sell your home. Transfer the lease to the new homeowner. Selling your house with a solar lease or ppa.

That way you can sell the system as part of the home and command a higher selling price. Remember you are still obligated for paying off the remainder of the loan. The company owns the solar panel system for all purposes. There s not only the positive environmental impacts to promote.

While selling with owned panels is fairly straightforward and possibly even easier due to the higher demand and price point for solar homes selling with leased panels comes with more challenges. Do solar panels increase a homes value an increasing number of homeowners are installing solar panels to save money. It s also an opportunity to attract more buyers on the benefits of solar energy. In most cases paying off secured or unsecured solar loans is.

If your solar panel system is financed via an unsecured loan the loan is not tied to your property so you can sell your home and move prior to paying it off. Generally you have two options when selling a home with leased solar panels.