|All Just Listed Homes In San Diego|
|$4Mil-$6Mil||$6Mil and above|
Are Residential Solar Panels Worth It?
- Will you be buying them? If so, again I ask; how long do you plan on living in your home. If you plan on selling your home in a few years, it may not pay to get them. A buyer may not see the value if they only plan to live in the home a few years as well.
- Will you lease the Solar Panels? If so, you should take your time and read the fine print. One thing to consider is if you decide to sell the home in a few years. Typically, would-be buyers are not always too excited to pay extra for these solar panels. Many potential buyers are not willing to take over your lease and be on the hook for another 16-18 years. They not only have to qualify for a mortgage to buy your home, they will now have to qualify to lease these panels which can affect how much how they can now afford. They were not budgeting for this extra cost. Because of this, you may lose a great, qualified buyer unless you offer to pay for the rest of the lease. This can be $15,000 to $20,000, depending the amount of the panels and years left on the lease.