Looking to buy or sell a home with solar? Sandbox Solar, your local solar contractor in Fort Collins, can help you determine the value of the solar power system and how it affects the value of the home. We are frequently asked to help buyers and sellers determine the benefits of a solar system and how it will affect the transaction. We can help you value the system and understand what you’ll be getting into as a homeowner in the long run.
What You Need to Know About the System, According to A Solar Contractor in Fort Collins
The first thing home buyers need to know about a solar system is who installed it. Then you can figure out whether it is owned by the homeowner, or loaned or leased by that company. If the solar system is owned or loaned, then it will be a simple transaction. The best part about the panels being owned is that the price of the panels is usually built into the cost of the home, so you won’t have to worry about any additional costs.
However, if the system was leased, you will have to work with the company that installed it to transfer the lease to you.
The second thing you want to do is find out what the warranty is. It’s important to know what’s included in the warranty and for how many years you are covered.
Other things you should know about the solar system include:
- How much it costs per month if it is leased/loaned
- What the utility savings are
- The power output of the system
- Details about the system design with the original solar installer (ask for a copy)
