.jpg "Going solar: How panels can affect the price of your home")
(WFSB) - Installing solar panels on your home can save you money on your monthly energy bill, but real estate agents say it can cost a lot.
Group I went out to ask people if they would be willing to buy a solar home.
answer:
"I want to buy a house with solar panels. It saves money," says Karen Gordon of Glastonbury.
"I would definitely be more interested in buying a home with solar panels," said Jim Lindner of Newington.
However, when you start asking follow-up questions, you know it's a red flag.
"Definitely mandatory. "I don't want to rent," Lindner said.
"Looks will definitely make my purchase decision," Gordon said.
This is the answer Paula Fahey Ostup heard. William is a real estate agent and team leader at Raveis Real Estate. Fahey Ostup says the data is clear: solar systems don't increase home values.
"You're not going to see the benefits. Not in our market. Not today," Fahey Ostup said.
Fahy Ostop pulls data from the listing agent database Multiple Listing Service (MLS).
As of 2023, 244 Hartford-area homes for sale on the MLS have solar. This is 3% of the houses sold last year.
The average sales price for a non-solar home is $480,530.
The average sale price of a solar home is $432,104.
"There are no buyers in our market looking for solar homes. If they see houses with sun and property, that's fine, but that's not what they're specifically looking for,” Fahey Ostup said.
There are two things that will make buyers more open to solar power, he said.
First, if the panels are located at the back of the house, they do not affect the curb appeal of the house.
"The impact depends on the location of the solar panels on the house. The impact is definitely greater if they are located in front of the house," said Fahey Ostup.
Fahey Ostup said then that the most important factor was the owner of the painting.
"The first question we always ask when selling a home with solar panels is whether the home is owned or rented, because if they have solar panels, it will be easier to sell the property to potential buyers," said Fahey Step.
If the buyer takes out a solar lease, the lease must be surrendered before the home closes.
This exposes buyers to potential risks.
“Basically, you're a part of the house before you own the home. It is likely that a trial will be filed closer to the closing date, but we recommend that people discuss certain things with their attorney to make sure they are not taking unnecessary risks," said Fahey Oostup. ".
All this is worth thinking about before signing the contract. That attitude can change over time and as new technologies emerge, Fahey Ostupa said.
This story is part of a series on solar energy. More stories can be found at the link below:
Using Solar Energy Part One: Reducing Costs
Towards solar energy, II. Part: Sales Promotion Analysis
Using Solar Energy, Part Three: Leaks and Roof Damage
Switching to solar energy. Part 4: When a solar company fails
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