As the popularity of the solar industry grows, more and more people want homes with solar panels installed. As a result, homes equipped with solar panels generally sell for a higher price when they are offered for sale and are more sought after. So, what are the things to keep in mind when selling a home with solar panels, the following article details a guide to selling this type of home.

1. How to sell a home with solar panels?

1.1 Work with a professional agent to help promote the house

The average homeowner should first find out when to find a real estate agent when selling their home. Currently, most of the real estate and customer resources are in the hands of agents. Although a certain amount of brokerage fees are charged for buying and selling through an agent, it is currently more difficult for the head of household to contact the target customer directly. And the intermediary can help to give professional advice on the transfer of ownership.

1.2 Checking the performance of solar panels, repairing and replacing parts as appropriate

Although homes with solar panels have better prospects for sale, the efficiency of solar panels decreases over the years as their lifespan decreases. Homeowners who want to maximize the value of their solar panels will need to have them evaluated and tested between the sale of their home. If necessary, hire a professional to repair the solar panels or replace the relevant parts. This will also help attract buyers and get a better offer.

1.3 Aggressively advertise your home

The necessary publicity is essential to get a better offer for your home. When listing a home for sale, sellers can emphasize the advantages of using a home with solar panels by highlighting the real-life experience of living in the home for the last few years, the exact amount of money it will save the family each year, the cost of installing brand new solar panels that would have been saved by purchasing the home outright, and the efficiency of the panels in generating electricity at the present time. With this publicity attract more buyers and get higher offers.

1.4 Prepare complete purchase records, contracts, and other documents

Compared to some homes that lack paperwork and are risky to purchase. Buyers generally prefer homes that have complete information and are not subject to disputes. When you are preparing to sell your home, you can prepare the solar panel purchase contract, warranty, etc. in advance.

2. What are the advantages and disadvantages of selling a home with solar panels?

2.1 Advantages of having solar panels when selling your home

2.1.1 Saving buyers the upfront cost of installing solar panels

As the solar industry continues to grow, the popularity of solar panels is increasing. You can even see the real estate agent build a solar panel to the architectural model More people want to try to get in touch with solar power as a way of life that saves money on living expenses and is green.

2.1.2 Higher selling price in secondary sales

Solar panels have a lifespan of 25-40 years, so buying a house with solar panels is a favorable housing investment for buyers. If a buyer wants to resell the home in a short period of time, the solar panels will still perform well enough to get a higher offer. If the buyer wants to re-sell the home after decades of living in it, they can get a portion of the proceeds by consulting with a solar energy company to recycle the solar panels.

2.1.3 Save buyers on future electricity costs

Most buyers purchase a home with solar panels with the intention of utilizing the panels to generate electricity and save on future home electricity costs. While it may cost more for the buyer to purchase a home, in the long run, purchasing a home with solar panels can save thousands of dollars over the next few decades.

2.2 Disadvantages of having solar panels at the time of sale

2.2.1 Higher Selling Price

Although it is true that buying a home with solar panels saves most of the money compared to installing new solar panels, it is also true that buying a home with solar panels saves a lot of money compared to buying a regular home. However, a home with solar panels is about five percent more expensive than a regular home, and considering the cost of the home itself, this additional expense can make it a big turnoff for buyers.

2.2.2 Ownership and Transfer of Solar Panels

If the seller paid in full for the solar panels when they were purchased, then only a few simple formalities are required to complete the transfer of ownership of the solar panels. If the seller acquired the solar panels through a lease agreement with an energy company, then even if the home is sold, the ownership of the solar panels belongs to the energy company.