5,153,520
This is one of those "it depends" questions. Some buyers want solar, others do not, especially if they have to take on monthly payments. A solar system lien on title can present issues for some lenders. Appraisers, in my experience, do not add any value for solar
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Troy Erickson AZ Realt...
Chandler, AZ
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
2,071,135
Great question and answers.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,598,552
You got all right answers.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
979,796
Diego - Based on my experience, home buyers do not see much value in them and consider them more of an inconvenience, and something to avoid.
I don't think solar panels add or detract from a home's value, and would also add that they can be a real issue for a buyer if they are being leased by the current home owner.
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J. "Diego" Marin
Irving, TX
94,155
Anybody that knows math will know what a poor investment solar really is.
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Troy Erickson AZ Realt...
Chandler, AZ
2,538,739
Good morning Diego. They may add value of they are owned and not leased.
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Nina Hollander, Broker
Charlotte, NC
1,157,841
Some buyers see value. Whether the panels add or subtract from the value depends upon the property owner or buyer, as applicable in the circumstances. The income tax, property tax and sales tax issues and possibly other tax, regulatory, contractual and other matters are also other important considerations.
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Nina Hollander, Broker
Charlotte, NC
1,646,171
Depends where you live. Here is SoCAl it is beneficial for any home since most days are sunny.
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Nina Hollander, Broker
Charlotte, NC
6,657,745
They are a positive for me and I do employ them on some of my buildings, but some of the leases that people get involved in can be a detriment.
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Bob Crane
Stevens Point, WI
5,774,095
Diego,
It depends on the circumstances...it is hard to give you THR end all be all answer. A
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Nina Hollander, Broker
Charlotte, NC
4,273,331
In the western part of Washington State; very little value but trendy
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Nina Hollander, Broker
Charlotte, NC
80,653
Some of my neighbors installed them where they can be seen from the street. The home is less attractive. HOA not happy.
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Nina Hollander, Broker
Charlotte, NC
3,988,138
I think they add value but how much depends on the area, neighborhood and how they present themselves.
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Nina Hollander, Broker
Charlotte, NC
3,763,935
It all depends. A lot of people install solar panels with companies that "lease" them. When it's time to sell, things get murky.
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Nina Hollander, Broker
Charlotte, NC
2,703,912
Are those panels owned or leased? I have heard reports of leasing rackets in the Western states, including Arizona and Nevada.
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Nina Hollander, Broker
Charlotte, NC
1,231,853
Solar panels are not popular in northeast due to fewer sunny days.
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Nina Hollander, Broker
Charlotte, NC
140,768
In my area, I'm not so sure they add value. It would only be a selling point to those who want the feature.
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Nina Hollander, Broker
Charlotte, NC
864,758
Solar panels in Inland Empire are very desirable as a selling point. However, one must be cautious as some are leased and the cost must be calculated into the purchase.
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Nina Hollander, Broker
Charlotte, NC
5,982,302
Homebuyers may see value, but the appraiser sure doesn't! Also, my neighbors who have added the panels only save a bit in the summer. Their winter bills are more than mine.
1,534,714
The leased ones detract. The owned ones may add value, depending on their age, size and the view of the buyer.
2,234,859
I think it depends on where you live. In my area there is a large segment of the market that would like a solar run house. I have lived off the grid. I like it, too.
5,174,959
Can be a problem if they are lease and new buyers have to take the lease over.
3,986,423
617,985
2,245,257
5,584,228
there are alot of variables here....owned or leased.... area of the country..... magnitude of the property..... and on and on....
8,120,214
Many home sellers are shocked when they discover that the lease must be paid off to provide good title.
1,749,177
3,074,289
I'm with Jeff Dowler CRS . And if the system is leased, can complicate the resale...
4,717,610
It depends on the house. It depends on the buyer.
Are they owned? Or are they leased?
Is a lender involved in the sale?
Some homebuyers see value but not a majority of the buyers I have.
48,635
Thank you all for the responses... certainly alot to consider when considering a "green" option. I hadn't thought about some things Jill mentioned in her post, but certainly worth knowing if you're representing a buyer...
**Annette - the thought of replacing a damaged roof with panels is something to really think about... the cost could double or triple!
Really make me wonder at what point down the road does the homeowner finally get to realizethe savings, if any? Are you really saving if the cost purchase, lease and or maintain the panels go on for the next 5 to 7 years... at which point some may be ready to move? Kinda makes you go... hmm?
921,504
It is the RESPONSIBILITY of the listing agent to present the value of the solar panels...if value exists.
That value could be:
- Doing my part to save the earth
- $280 a month on utility bills
- $100 a month for grid buy back
- Bragging rights
- $xxxx created committed to college fund.
Otherwise you are stuck with an ugly wart of the roof that will explode costs should a roof malfunction occur.
3,416,322
They are just starting to realy pop up here s i have not had any hard sales data yet, the HOWEVER is the leases home iwners are selling place a lien in the home, this may be troube down the road
4,434,227
931,198
There seems to be a slight increase in interest in solar around here, but I thinjk they detract from the appearance of the home. The value varies. Owners who got solar installed have told me that they don't notice much difference.
5,455,834
5,282,877
It depends. In some climates it's not very worthwhile. I've never had a buyer ask for these and leased panels can complicate a financed sale.
1,525,616
I think if the buyer is concerned about the environment, it is adds to the value.
150,466
Not too popular here for residences, but we don have some distillers now that use it here in the city.