rSnapshotPhotos / Shutterstock.com Home solar power systems have become increasingly popular in the past several years, but selling a home with one can add complications. Homes must be properly marketed to extract the maximum value from these systems upon resale. The use of solar power on California homes has skyrocketed over the past few years. Having a solar power system on the roof is a good thing, on many levels. However, the systems typically cost well over $10,000 to install and often can cost several multiples of that. But how can you show that value to buyers, and persuade them to pay for it? And, what if the solar panels are leased versus owned, how can that affect the marketing and sale of a home? This article explores the ins and outs of selling a home with a solar power system. 1. Prepare a disclosure package about the system Buyers are going to have a lot of questions about the solar panel system. Make sure you have the answers ready for them. Be prepared ...
- Make sure you have answers ready for buyers about solar panels on any listing. Know what the buying or leasing procedure will be and the savings.
- Calculate how many watts the solar system puts out times 4 -- and you have the solar panels' value.
- The Energy Efficient Mortgage program may be more beneficial to homebuyers than a HERO loan.