Pros and Cons of Selling Your Home With Solar Panels
As most of the best solar companies in Texas can prove, solar panels are incredibly useful to have installed.
Lower energy bills and less environmental impact are all benefits for homes with solar systems installed. However, are solar panels beneficial for you when trying to sell a home? Would having the system help the home sell faster, and could you ask for more money? Or, would the presence of a solar system slow down the sale of your home? Today, we hope to answer that question for you, as we have put together a list of pros and cons of selling your home with solar panels.
Pro: a faster sale of your home
One of the main benefits of solar panels when selling your home is making the sale go faster. Real estate experts have noted that homes with solar systems sell 20% more quickly than traditional homes. All in all, one of the main problems with selling a home is attracting buyers. Houses with installed solar systems attract many people since these systems are overall very beneficial. As such, installing solar panels in a home that you plan to sell is considered a good investment. Residential solar services are widely available in today’s world, so if you want to have solar panels installed for the sake of a sale, contact the best South Texas solar systems company to arrange the installation. Of course, you will need to invest some money to pay for the system, but the benefits can’t be denied; you can expect a good ROI and a quick and easy sale.
Pro: solar panels can get a higher sale price for your property
Solar panels can add a lot of value to the home they’re installed in. So, a house with solar panels can be sold for a higher price. The exact increase in price depends on the solar systems themselves, of course. The price can vary wildly depending on how many solar panels you install and whether they are on the roof or ground mounted. The price can be even higher if your solar system includes batteries. These batteries allow you to save even more energy by storing the energy for later use. All in all, the better the solar system you have installed, the more money you can sell the home for. However, keep in mind that experts from Zippy Shell Louisiana recommend that you try to plan your move well ahead of selling the house, so you can move out as soon as you close the sale.
Pro: homes with solar panels have better EPC ratings
As any of the best solar companies in Texas say, solar panels positively impact your EPC rating. EPC (Energy Performance Certificate) is a home’s energy efficiency rating, grading from A (the most efficient) to G (the least efficient. Real estate agents note that homes with a high EPC rating sell faster and for higher prices. Having a high EPC rating is incredibly beneficial when trying to sell a home. And, to that end, a home with solar panels will have a much easier time attracting buyers. And, of course, the solar panels are very beneficial outside a house sale. Knowing how to make the most of your solar panels can help you save a lot of money before you sell the home. After all, ensuring you’re getting the most use of your solar panel system is also essential.
A lot of solar companies offer solar panels on a lease. You can have trouble selling your home if your solar panels are leased. For one, most lenders refuse to approve a mortgage for a home with solar panels, which makes it a lot more challenging to find a buyer. Two solutions for this problem are transferring the lease or buying it out. While transferring a solar panel lease is possible, many buyers are unfamiliar with it and unwilling to go through with the transfer. Alternatively, you can buy out the lease; however, this comes with a high price tag. If you’re selling your home so you can move, this can delay the process. And during this time, you should consider protecting your items in a weather-resistant container. One of the main pros of weather-resistant containers is that they can keep your things intact until you are ready to move out. When you are set, you can easily retrieve your items from storage.
Con: solar panels need to be well maintained before sale
Solar panels need to be maintained regularly to work properly. And if you’re trying to sell a home with solar panels on it, most potential buyers will ask if they’re well maintained. As such, you will need to handle the maintenance of your solar system before trying to sell your home. However, solar panel maintenance can take some time, as it should only ever be done by a professional. This consists of contacting a solar company you trust and scheduling the maintenance. Needless to say, this can easily delay the sale of your home. As such, having solar panels can be quite a problem if you need to sell your home quickly. For example, if you’re trying to properly time selling and buying a home and moving out, this can cause problems. So, make sure your solar panels are maintained well ahead of time when selling your home.
Pros and cons of selling your home with solar panels – wrap up
Solar panels have many benefits for the home they’re installed in. However, when it comes to selling a home with a solar system, there are both advantages and disadvantages. Faster sales and a higher sale price are definitely beneficial, but solar panels can also cause problems with finding potential buyers. At the very least, unless you’re well prepared and careful, solar panels could delay the sale of your home. Still, as most of the best solar companies in Texas will tell you, the benefits of having solar panels in your home heavily outweigh the disadvantages, even when it comes to a sale. We hope this list of pros and cons of selling your home with solar panels helps you sell your home, and we wish you a good day.