Searching for a new home in Florida can be both nerve-wracking and exciting. You must consider location, school district, lot and yard size, HOA fees, and property taxes. What happens if you finally find the house of your dreams, but it runs on solar energy? At 1 Stop Solar, we have heard potential customers ask these questions, especially if they think they might sell their house down the road. We can help you navigate these questions as you decide to equip your home with solar energy.
Purchasing A Home With Solar Energy
Buying a home with solar panels is a wise investment idea. Choosing to buy a home with existing solar panels gives you the opportunity to take advantage of the benefits solar panels provide without spending money to have them installed. Also, solar panels can increase the market value of your home. One thing you must figure out before purchasing a solar-powered residence is if the solar panels are leased or owned.
The homeowner does not own leased panels. The homeowner leases them from the solar panel company. You buy the panels from the company or combine the home purchase into the price of the panels, but these are pricey options. Some of these lease contracts have payments that increase. We recommended looking for owned panels, allowing you to reap the benefits without spending additional money.
Questions To Consider
- If I buy the house, will I also own the panels? As mentioned above, purchasing a house with owned panels is a more worthwhile option than buying a leased paneled house.
- Who manufactured the solar panels? With so many solar manufacturers in existence, it is vital to know the company that made the panels. Panels made by U.S. manufacturers may allow you access to warranty protections.
- Who installed the panels? Knowing the company that installed the solar panels can help you determine if your new house’s panels are covered under their original warranty.
- What is the system size? Ask the previous homeowner how their solar system has affected their electric bills. Has it saved them money? The larger the system, the more cash is saved.
- Does your location allow net metering? Solar panels are net-metering eligible in some places, allowing you to sell extra electricity you have produced back to this grid.
A Wise Investment
Buying a solar-powered home is a good investment. However, knowing what you are buying is recommended. Knowing the owner status of the panels, the installing company, the manufacturer, the size of the system, and any benefits that exist are helpful. Homes outfitted with solar panels have a boosted market value, and solar panels make a house more attractive when it comes time to sell.
At 1 Stop Solar, we want you to own your electricity with solar panels Florida loves. If you are not looking to buy a house, investing in solar panels for your current home is a smart idea. Outfitting your home with solar energy can save you from stress caused by loss of power and increased electric bills. Contact us and let us save you money today.