Increased Popularity in Solar Panels
In our energy-focused and green-footprint-focused world, the topic of solar energy has gained traction. You’ll even reap the benefits of federal tax incentives. Solar power is more affordable, accessible, and prevalent in the United States than ever before. According to SEG, more than one million homes in the United States are currently being powered by solar energy.
Solar energy ultimately allows you to power your home for less. Once your investment is paid off, your monthly electric bill goes out the door. When it comes to reselling, not only are you saving money while you’re living in your home, it will be worth more when you sell it.
Do Solar Panels Increase Home Value?
According to the Office of Energy Efficiency and Renewable Energy, home buyers across the country have been willing to pay a premium of approximately $15,000 more for homes with an average-sized solar array. There is also evidence that homes with solar panels tend to be overall more attractive to buyers and sell faster than those without. Thankfully, selling homes with solar panels isn’t as complicated as some might think. You’ll just have to keep a few things in mind.
Selling a Home with Owned VS Leased Panels
Selling a home with owned solar panels is much more straightforward than selling one with leased panels. If your panels are leased, ideally you’ll want to buy them out before you sell. If you can’t pay off the lease, be sure to find a buyer who is ready to take it over, the next step is to transfer it into their name. This process can be very difficult and binding. It requires cooperation from both the buyer and seller. Here at SolarWorksGJ we DO NOT offer Leased solar arrays. We believe they are a long term financial burden and that there are far better financing options available.
Installing Residential Solar Panels with SolarWorks
If you’re ready to increase the value of your home, save money, and contribute to a greener environment with solar panels, get in touch with our experts. We pride ourselves on meeting our client’s expectations without compromise. Call today!