Selling a house with SOLAR PANELS - Are Solar Panels Worth it

Описание: Selling a home with Solar Panels, is Solar worth it? In this video, I talk about leased solar panels versus owned panels and how they affect Sellers when selling a home.

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If you are considering adding solar panels to your home, you may need to consider more than just the amount of electricity being saved as selling your home with solar panels can not only reduce the value of your home but could make it harder to sell.

Selling a home with solar panels isn't as easy as just putting it on the market unless you own the solar panels out right and have paid them in full. In the case where there is still a loan or the panels are leased, it creates a whole different issue with regards to selling your home.

Selling a house with leased solar panels

If you are selling a home that has leased solar panels, you will need to find a buyer who is willing to take over the leased solar payments unless you are willing to pay off the solar lease in full at closing. Even then, you have to find a buyer who understands what happens to the solar at the end of the lease. Any buyer looking to take over leased solar payments will have to get approved with the current leasing company to confirm they qualify and this is where a lot of real estate deals fall part in my experience.


Selling a house with owned solar panels

In the case you are selling a home with solar panels that are owned but you got 3rd party financing on the panels, that loan will need to be paid in full in order to sell the home as solar companies attach a lien to the home upon installation to confirm they will get paid at the time of the sale of the home.


Thing to keep in mind when selling a home with Solar

1. The amount you paid for your solar panels doesn't translate in dollar for dollar value to your home.

2. The solar will need to be paid in full at the time of the closing or if the panels are leased, the buyer will need to be approved to take over the payments

3. Solar panels may require maintenance or need to be replaced in the future. Solar panels do NOT last a lifetime.


If you are considering buying solar or leasing solar, please make sure you do your due diligence prior to moving forward by talking to other people who have solar as well as a Realtor like myself to understand the pros and cons of having solar panels on your house.

If you have additional questions about solar panels, buying a home or selling a home, please comment below or contact me directly.

Thank you for watching.

Connect with me:

B L O G ➳ http://www.jebsmith.net/blog
F A C E B O O K ➳   / cbhbrealtor  
I N S T A G R A M ➳   / jebsmith  

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