* Data from US Energy Information Administration (EIA).
Energy-efficient homes are more expensive in places like Orlando or San Francisco because average monthly electric bills are higher. Homebuyers benefit from long-term savings, while sellers increase market value for solar-powered homes.
Local solar market
Many states are offering tax credits to homeowners for solar. This will make the transition to solar energy more affordable and help the state expand its solar potential. Solar homes in solar-friendly states sell for more market value than states with little or no solar development
According to the Solar Energy Industries Association (SEIA), the following states have the best solar markets :
- Arizona
- California
- Florida
- Georgia
- Massachusetts
- New Jersey
- The snow
- North Carolina
- Texas
- Virginia
Own and lease solar systems
Homeowners should make sure they can legally transfer their solar system to new owners when they sell their home. Most solar companies have several payment options. Both options (full payment and solar lease) give owners the most flexibility when selling a solar home.
It is the best way to ensure that full payment is transferred to a new buyer. This requires a large initial investment from the original owner to own their system, but makes it easier to include the system in the home sale.
By leasing solar energy, the solar company takes ownership of the system. Transferring a solar lease requires an outright purchase or lease transfer. At the time of purchase, the owner pays the remaining amount to close the lease of the system. This allows the home buyer to enter into a new lease agreement with the solar company. Depending on the remaining rental period, it can be a large amount.
When a lease is transferred, the existing lease is transferred from the buyer to the new owner. The new owner will take over the rent and the remainder of the lease. Most companies require a credit check to ensure that the new owner is in control of the lease. If buyers do not meet the company's requirements, this can delay the sale of your home.
The state of the solar system
Keeping your system up to date and in good working order can significantly increase the value of your home. Old systems in poor condition not only attract buyers, but drive them away. If you are interested in selling your home with a solar system, make sure it is in good condition with regular maintenance and repairs.
Age is another variable that can lower your home's selling price. Most solar systems last 25 to 40 years with proper maintenance and care. If your system is 10 years old or older, new owners can use it for 15 years after purchase. Any home with a solar system that is more than 10-15 years old is not good for the buyer.
If you are considering buying a home with a solar system, ask the seller for complete system documentation. Must provide original sales, warranty coverage, technical problem and service repair details. You should get the complete history of the solar system from the time it was installed until today.
