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Do people prefer buying homes with solar panels?

asked 2014-12-16 13:16:53 -0500

henya gravatar image

Hi,

I am thinking about going solar but also wondering about whether solar panels will increase the attractiveness of my home to potential buyers. Will solar panels increase the likelihood of me being able to sell it if I move in the next 2-3 years, or make it harder to sell? What if I get a solar lease instead of buying my panels? Will people worry about entering a contract that they didn't initiate themselves?

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answered 2014-12-31 13:07:54 -0500

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updated 2014-12-31 13:07:54 -0500

energysage gravatar image

Hi Henya,

According to a number of studies and reports, it would indeed seem that buyers have a preference for solar-equipped homes, particularly in cases where the former homeowner had purchased their panels. The presence of solar system has been shown to increase property values by about 3-4%, which also means that a home with panels could sell more quickly than one without.

As for a solar lease, the benefits are less clear. You would want to either get the new homeowner to take over the lease, or buy it out yourself (leasing companies will usually let you do this). A solar lease is not seen as an asset to the same degree as ownership of a solar system is, and may not add to property value.

You can read more about solar and property values here:

https://www.energysage.com/solar/why-go-solar/increased-property-values

You can read more about what happens if you have a solar lease and want to sell your home here:

https://www.energysage.com/solar/financing/solar-leases-and-solar-ppas

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answered 2015-01-11 21:26:00 -0500

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updated 2015-01-11 21:26:00 -0500

A solar system will add value to your home and will be attractive to homeowners to varying degrees. Where is the system located – front or back. How old is the system – a few years or a few decades – what is the expected net life expectancy. Is it leased or owned – how much will the electric bill be reduced. We think that the ownership of a system is most valuable but you can’t ignore the extended soup to nuts transferable warranty of a lease or PPA. A good option is the prepaid PPA - which is somewhere in between - consisting of a one time payment, 100% benefits, and the full warranty.

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Asked: 2014-12-16 13:16:53 -0500

Seen: 241 times

Last updated: Jan 11 '15