Potential Problems Selling A House With A Solar Panel

Potential buyers were scared of the solar lease said his real estate agent.

Potential problems selling a house with a solar panel.

A hot spot will be appear as a localized discoloration that looks like a burned area of the panel. One piece of good news for home sellers with solar panels is that the residential solar market is holding strong. There can be real legal jeopardy and significant dollar liability for those failing to address the issues associated with solar panels. Buyers who are aware of this trend may have no interest in taking on a long term obligation to pay a solar company thereby reducing the number of buyers willing to take over your payments.

But in reality selling a house with leased solar panels adds an extra layer of complexity. Some home buyers might have concerns about solar panel maintenance. You might need to buy out the lease first. This is a failure of the panel and needs to be replaced.

Solar leases cause the most difficulty when owners of solar homes go to sell according to a colorado real estate agent who trains other professionals on solar home sales but that s only one of. And if your panels are still covered by a service agreement let the potential buyers know that any problems will be covered until the agreement expires. One homeowner with leased solar panels reported that he had to lower the selling price of his home three times to get buyers interested. Assure them that because solar panels have no moving parts maintenance is virtually nonexistent.

As a result if electric bills can be reduced so much the cost benefit ratio of solar panels starts to become more questionable. One surprising cause of damage to solar panel systems are squirrels who like to get underneath and chew on wires. While selling a house with solar panels is by no means impossible you ll have to work with the agency buyers to ensure the sale is transparent and there is no lack of information. Here are some things to be aware of.

Selling a house with solar panels is not for the faint of heart. Check underneath the panels for wire damage. Potential problems selling a house with solar panels while it s likely that solar panels will be an asset to your home s sale it s also possible that you ll run into some complications specifically with leased solar panels.