Going Green in 91745>Question Details

Lisa Bolanos…, Real Estate Pro in Lake Arrowhead, CA

Solar Panels/Systems

Asked by Lisa Bolanos JD, Lake Arrowhead, CA Mon Jul 23, 2012

Has anyone had any negative experiences selling a home with solar panels/system that has a contract on it?

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There are two main types of residential solar installations.
The first and most common system connects your solar panel installation with the main electricity grid. This Grid Connect system allows you to feed energy back into the grid through your meter, and be financially rewarded for it by your energy company.
The other is a 'Stand-Alone' solar power system for remote properties where the cost of connecting the solar panel installation to the main grid is prohibitive. The system charges a battery bank, which in turn is used to power a house. A generator is usually kept available to back up the battery system.
0 votes Thank Flag Link Wed Oct 14, 2015
Great question. I have only sold homes that have "owned" systems. I have to be honest with you:(and I am in the land of nature loving tree hugger) a solar system is nice, but in a high dollar market, it is not going to make that much difference when attracting a buyer. I own a system on ,y personal home and I sing its praises, but a 20K-30K system does not get you the same return as that same money put in a remodeled kitchen - just say'n.

We did not "lease" for the issues of maintenance, ambiguous repair and insurance loss issues and my guess is that it would be a complication to have a lease that must be assumed on a system. If you are doing it for yourself and are not planning on selling - go for it. If you want to sell down the line, buy the system and finance it if you must. My opinion for what it is worth!
0 votes Thank Flag Link Thu Sep 25, 2014
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