In recent times, solar panels are now among the most requested home enhancements for making money while living sustainable. Homeowners benefit from energy independence, a lower carbon footprint, and perhaps the best of all, less electricity cost. Today, we’ll talk about the advantages of selling a home with solar panels.
However, homeowners frequently have many questions. To begin, how do solar panels influence the sale of your home? In particular, does it make it harder to sell a house that has solar panels? Absolutely no! Actually, solar adds about 4 percent to the selling price of your home.
If you’re a homeowner looking to sell a house that has solar panels, it’s crucial to know how having the system can impact your selling procedure. Learn more about it here.
UNDERSTAND YOUR SOLAR PANEL SYSTEM
Before putting your house up for sale, you need to understand the intricacies of the details of your solar system.
You bought it, but do you know the specifics and limitations? Perhaps not fully — but that’s okay!
To begin, start by educating yourself on these aspects:
- Type and brand
- Size
- Age
- Performance rating
- Maintenance history
How do you gain access to (and consequently be aware of) these details? Take note of the relevant documents, including the following:
- Warranties
- Installation permits
- Finance agreement (selling an apartment with financing solar panels isn’t as uncommon as you think, by the way)
After you’ve compiled all of this information, prospective buyers will understand the worth and benefits that your house provides. Most importantly, they can comprehend the setup of your solar panel system.
HIGHLIGHT THE BENEFITS OF YOUR SYSTEM
It’s not a big deal. It’s not news that solar panels provide many advantages for homeowners.
First of all, solar panels are attractive and appealing because they add style and scientific knowledge to your home. This is a huge benefit when you are looking for a new residence. So, are homes with solar panels selling more quickly?
They generally tend to spend 13.3 percent less time in the marketplace. But the pace of sales will be on the individual.
If you are listing your home for sale, highlight the advantages of solar power panels. Here are some examples:
- Lower electricity costs
- Potential tax incentives
- Positive environmental impact
- Lower energy consumption
Both environmentally conscious and financial consumers will find these benefits attractive.
DETERMINE YOUR OWNERSHIP STRUCTURE
You might be asking, “Can you sell a house with solar panels?” Perhaps, “What happens to solar panels when you sell your house?”.
Selling a home with solar panels that you own is quite different from selling a house that has solar leasing panels. If you’re selling a place that has solar panels, it is important to explain the ownership structure to prospective buyers.
For instance, if your panels are owned in full, be sure to clearly state you intend to be transferred over to the buyer in the course when they sell the home.
If you’ve leased solar panels, you could be apprehensive: “Can I sell my house using solar panels that I leased? !” Don’t worry -it is possible, too. If you lease your solar panels or are a signatory to a PPA for solar energy, ensure customers are aware of its requirements, terms, and obligations, as well as potential transferability.
The more transparent and honest you can be, the more transparent you are. Being transparent about ownership will help avoid confusion or surprises during negotiations for sales.
CONSULT WITH A SOLAR INSTALLATION COMPANY
Another crucial aspect to consider when selling a house that has solar panels is to reach for your solar installation firm that installed the panels. Why? Its advice is extremely beneficial!
For instance, if you’ve recently opted for a solar home installation (and purchased the backup battery for your home) with the solar panel manufacturer Freedom Solar, we’d be delighted to assist you during the transition from selling your house to buying. (We’ll provide advice on the solar panel part and, naturally.) We’ll leave the other realty tasks for you since we don’t want you to ruin all of your enjoyment.
We (and other solar companies, as well as installation firms) can provide valuable assistance in explaining the technical aspects of your system to prospective purchasers.
In addition, solar companies are able to help facilitate warranty transfer and also provide homeowners with solar repairs or maintenance services. This is a further appealing option for potential home buyers.
PINPOINT YOUR PRICING STRATEGY
The next crucial step in selling a house with solar panels is to set an amount for your home.
Regarding price, do homes with solar panels go at a higher rate? Yes, definitely! Be prepared for your home’s value to increase thanks to solar power panels.
Therefore, when you’re deciding on the price point of your property, it’s essential to take into account the solar panel’s specific worth. For instance, a premium 9.1 KW solar home installation by Freedom Solar costs $38,000 per year on average.
However, determining the worth of your system isn’t the only thing to consider. It is also important to be aware of these elements:
- The cost of installation
- Savings on power bills
- Any relevant solar rebates or incentives
If you can, get details on sales of comparable houses with solar panels in the area. This will help you decide on an appropriate asking price!
If you’re not sure what to do or don’t have time to do it to do it, you might consider working with an agent in real estate. It is best to work with an agent who has experience selling solar-powered homes.
MARKET YOUR SOLAR PANELS EFFECTIVELY
So, what’s next? It’s marketing!
If you are looking to draw buyers, promoting your solar-powered home is crucial.
In order to properly promote those premium panels you have, consider including these elements in your list:
- In announcing the advantages of alternative energy sources
- The importance of solar savings over the long term
- In this article, you will be able to describe your solar panel’s specific characteristics
Don’t forget to include a clear description as well as high-quality, clear images within your listing. You can even design an informational brochure or pamphlet with a separate section devoted exclusively to solar panels. So, potential buyers will be able to find detailed details on the system easily.
PROVIDE INFORMATIVE DOCUMENTATION
In the course of selling, be sure to provide potential buyers with complete documentation and details about the solar panel system you have installed.
This kind of information could comprise a variety of documents:
- The validity of warranties
- Maintenance records
- Production data for energy (typically the system’s average)
- Financial agreements involving panels
As we mentioned earlier, transparency goes far -organizing will take that transparency one step further. You’ll build confidence in potential buyers and ensure an easier transaction as you get ready to start making calculations.
SELLING A HOUSE WITH SOLAR PANELS? CONTACT FREEDOM SOLAR
Once you’ve figured out how to market a house using solar panels, beginning the process is less stressful. There really aren’t any issues, if any, when selling a home with solar panels.
So, if you’re already an owner, but you’d like to begin, contact Freedom Solar.
We’ll ensure that your change to solar is seamless and you are aware of all the relevant information prior to signing any contract. You should be as informed as you can! This way, if you’re planning to sell your house using solar energy in the future, there’s a good basis to build on. A better idea of where to start.
If you’re selling a home that has solar panels but isn’t sure about the procedure, we’re here to assist, too.