How Do Solar Panels Effect My Home Sale?
- Don't wait until you have listed your home for sale to start gathering all of the lease/ownership documents.
- It is also very important to show proof of the energy/money savings over time, so start saving those records or statements and file them away.
- Make sure you have a good contact number for transfer of ownership or lease. This process can be drawn out and WILL delay your closing.
Interestingly, for homes located in states like California, New York, Hawaii, Pennsylvania and a handful of other states, installing solar panels in a home not only helps to reduce current monthly utility bills; it can potentially increase the home’s value by up to 4.1% more than comparable homes with no solar panels, according to research done by Zillow.
If you are thinking about selling or buying a home with solar panels and would like additional information, please contact us today to avoid any possible pit-falls.