I live in California and will be selling our home this coming May 2018 and am wondering if we should install solar panels as a selling point?

The system would cost approximately 25K before the 30% tax credit
(0) | asked by: steve johansen | share | 2 weeks ago | Report
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answer by Drew Bartlett    |   Visit My Website   |   Contact Me
An appraisal MAY yield an extra $10k for an owned system, depending on the size of system/number of panels. No incremental appraised value for a leased system, as it's not considered real property. Your best return will be on interior/exterior paint (if needed), professional staging, tune up your landscaping, and repair any obvious conditional issues on your home. Good luck to you!
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answer by TIFFANY WALLACE    |   Visit My Website   |   Contact Me
Hi Ann, In my experience, solar panels are a nice selling point if the are paid off, however you rarely get out in a sale what you have invested into them. Save your money, and sell without. Have any other questions about that to do before you sell, just ask. There are plenty of things that add value to a home that are cost efficient.
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answer by Ann Michaels    |   Visit My Website   |   Contact Me
It will depend on your comunity guidelines and what type of home you have. Are you in the canyon, hill or seculed area?
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answer by Rich Reed    |   Visit My Website   |   Contact Me
Hi, Steve, in my experience, except maybe for new construction homes, having solar panels is not a positive selling point, unless the solar system is completely paid off. Even then, it may not add enough value to justify the expense, especially for such a short term. If the solar system has been leased or has a PACE loan, the transaction can become complicated. Hope this is helpful!
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answer by Steven Lunetta    |   Contact Me
I would not add it if you are going to sell. The potential buyer has many options to add solar after the purchase.
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