Selling home with solar panels

Can you sell a house with solar panels?

To understand that process, we must first look at four types of solar panel ownership types and how they might affect the process you go through to sell a house. When selling a house with wholly-owned solar panels, a homeowner can sell the house with existing solar panels without transferring or removing them from service.

Are solar panels a boon for selling a house?

Data available for 2021 from Rocket Homes shows that homes with solar panels spent 13.3% less time on the market than homes without solar power. In other words, solar panels could be a boon if you’re looking to sell your home quickly. There’s a pretty defined timeline for selling a house, and certain steps in the process are going to take longer.

Can solar panels help sell a home faster?

Not only could you sell faster, but owners of homes with solar panels have a decent chance of selling for more. This is particularly true if comparable properties in your area have sold for more because they have solar panels. Solar panels on a home are a shining beacon for a certain type of buyer.

Does solar affect the sale of a home?

It most certainly does. The type of solar purchase you made has a big impact on what happens when you go to sell your home. This is the simplest scenario. If you paid cash and own the panels, solar will have very little impact on the sale process for your home. Again, it's not unlike selling a home with a pool or any other add-on.

Can you get a solar loan if you sell your home?

It's just like having any other kind of loan on your home, like a mortgage. You can use the proceeds of the sale to cut a check at the closing table that pays off the solar panels. Some lenders allow the new homeowner to apply for and assume the loan. Check with your lender to see what your options are. This is probably the trickiest arrangement.

How can a solar agent help me Sell my Home?

Connect your agent to your solar service transfer specialist. The solar representative will provide them with a copy of your solar agreement and supply information on the leased solar panels so your agent can effectively market your home and communicate solar benefits to interested buyers.