19 Sep Selling A Home With Solar Panels
The good thing about solar is that the panels can generate electricity for 25+ years. This makes it pretty common for folks to end up selling a home with solar panels on it that have plenty of life left in them to generate free electricity – what a great selling point! Zillow conducted a research study and found homes with solar increased in value by an average of 4.1%. Here’s a quick guide for when you are selling a home with solar on it.
If you purchased/own the system:
- Be sure to market this in your listing! Your home is a clean, green, money-saving machine! Solar increases the value of a home because it reduces monthly electric expenses. Not to mention, it’s better for the environment. If you have a bill before you went solar compared to your bill (or lack thereof) with solar- this could be a great thing to show potential buyers.
- Give the new homeowner our contact information so we know who to contact about the solar system in the future. Email: info@myacesolar.com
- You will need to provide the buyer with information about the solar system to transfer it to their name. To start, figure out if it is solarEdge or Enphase.
Enphase System
If your new home has an Enphase system, be sure to give the new owner your name, email, and Enlighten System ID.
SolarEdge System
If you have a SolarEdge system, you can give the new homeowner your Site ID and the inverter serial number. For instructions on how to do this, learn more here. If you can’t find all of this information you can contact us for assistance at info@myacesolar.com or call 1800-223-1462
If the system is leased:
You will need to transfer the remaining years of your lease over to the new homeowner if they agree to take it on. They will then take on responsibility for the lease payments in exchange for the solar energy. To do this, you will reach out to the financier to who you currently make payments. You do not contact us (the installer).
It is also an option to buy out the remainder of the lease if the new owners are not willing to take on the lease.
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