Selling A Home With Solar Panels

For homeowners to benefit the most from their solar system, they need a short-term financing lease. Most solar companies offer 20-year financing for solar panels. If the homeowner wishes to sell the home and has not paid off the system, then the lease will be passed on to the new owner.

This can potentially make it more difficult to the sell the home because buyers may not be willing to take on the additional expense. The additional lease of 10, 15, or 20+ years may turn away potential buyers. Keep in mind that the commitment of buying a home is already a lot to take in for many home buyers.

Buyers are more likely to purchase the home with conditions. For example, if the owner agrees to lower the price by thousands to help the buyer pay off the solar panels. The more years left on the system's lease, the less money they will want to pay for the home. This will cause the value of the home to be lowered, which will not only affect the home but also the value of surrounding homes.

To increase the value of a home, it is best to have the solar system completely paid off. The buyer will not have to worry about an additional expense. Furthermore, the ongoing savings on electricity can become an excellent selling point. While most solar companies provide 20 year leases on the solar panels, there are a few that offer short-term leases.

We offer 5 year financing on solar systems. After 5 years, customers will own their solar system. This leaves customers with a complete solar system and a reduced electric bill.

An electric bill can be cut down by 90% with solar energy. Why pass down a lease to a home buyer when you can pass down an energy efficient home with excellent savings potential?

Get a complete solar system with 5 year financing by contacting Clean Power Engineering.

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Reference: renewable-energy-dummies.blogspot.com