Wednesday, May 24, 2023 / by Nick Waldner
To Solar or Not to Solar: What Home Sellers Need to Know
Are you thinking of adding solar panels to your home? It's a popular trend that many homeowners are considering these days. However, before you make the investment, it's essential to understand the benefits and drawbacks of adding solar. As a real estate agent with Keller Williams, I've seen many homeowners assume that adding solar will automatically increase their home's value. However, that's not always the case.
The most apparent benefit of adding solar panels is the positive impact on the environment. It's a great way to reduce your carbon footprint and save on electricity costs. However, as a home seller, you need to consider if the investment is worth it. While it may save you money on energy bills, it doesn't always translate into a higher resale value.
In my experience, most new home buyers don't value solar panels as highly as the initial homeowner. Also, if you own the panels, you won't get the same resale value as other home renovations. Additionally, if your panels are leased, it could make the sale process more complicated.
"Before you make the investment, it's essential to understand the benefits and drawbacks of adding solar."
My advice is to consider your long-term plans before investing in solar panels. If you plan to stay in your home for an extended period, then solar panels can be a great investment. However, if you plan to sell your home in the next two years, it's best to focus on other renovations that can increase your home's resale value.
If you're looking for tips on how to make your home more marketable or want to discuss the potential resale value of solar panels for your specific situation, feel free to give me a call. I'm always available to help homeowners make informed decisions.