Are you considering selling your home in the Sunshine State? If so, you may have an advantage if your property features solar panels. Florida has no shortage of sunshine, making it a prime location for harnessing solar energy, and buyers are increasingly attracted to homes with eco-friendly features like solar panels.
Tips For Selling A House In Florida With Solar Panels.
Make sure the buyer knows the benefits of solar roofing! Since you invested in solar panels for your home, you can increase your home’s value when you put it on the market. But if buyers are wary of the higher price tag, it’s essential to communicate the financial and environmental benefits of owning a home with solar panels.
Lower Energy Bills
One of the most notable benefits of solar panels is lowered energy bills. In Florida, where air conditioning is necessary for much of the year, homeowners can see substantial savings on their electricity costs by generating their own renewable energy from the sun. When potential buyers see a home equipped with solar panels, they recognize the potential for long-term savings on their utility bills, making the property more desirable.
Protection From Rising Energy Costs
As our reliance on electricity has increased, so has the demand for fossil-fuel-powered energy sources. This demand has caused a steady rise in the price of fuel over the past few decades. Although the increase is gradual, it can still add up and put stress on your financial situation over time. Having a home powered by solar is one of the best ways to combat the continued rise in the price of electricity.
Net Metering
Many utility companies provide net metering programs, allowing homeowners to sell extra electricity produced by their solar energy systems back to the grid. This can further offset your electricity costs by providing credits or payments for the surplus energy you produce. Net metering effectively turns your solar panels into a source of income, helping you maximize the financial benefits of solar energy.
Tax Incentives and Rebates
Homeowners in Florida may be eligible for various tax incentives and rebates when they have solar panels. By providing information about these incentives, you can help buyers understand the financial benefits of purchasing a solar-powered home.
Environmentally Friendly
Many homebuyers are looking for properties that minimize their carbon footprint. Rather than relying on fossil fuels, solar panels provide homeowners with a clean, renewable energy source that reduces greenhouse gas emissions. By showcasing your home’s solar panel system, you’re appealing to environmentally conscious buyers and demonstrating your commitment to sustainability.
Communicate Solar Panel Warranties & Service Agreements With The Buyer
When selling a house in Florida with solar panels, you’ll want to make sure the buyer is introduced to your solar provider to make sure there’s a seamless transfer of contracts, warranties, service agreements, and more. Some warranties on solar panels include:
- Panel product warranty
- Performance warranty
- Inverter warranty
- Installation warranty
You can also provide potential home buyers with your installation contract that details the warranties you get through Noland’s Roofing.
Selling A House With Financed Solar Panels
The most straightforward scenario for selling your home with solar panels is if you own them outright. But, if you’re still making payments on your solar panel loan when you sell your home, reviewing your financing information, gathering documentation, and informing your solar loan provider of your intentions to sell your home is essential. How you financed the loan may affect your selling options.
- Secured Loan: Your lender will require that you promise an asset — usually your home — as collateral for the money you borrow. This means you’ll need to clear the loan before selling your home.
- Unsecured Loan: Because the loan is not tied to your property, you can sell your property and transfer any remaining loan balance to the new owner.
Noland’s Roofing sets our customers up with top solar loan providers, including PACE solar loans, which allow homeowners to finance energy-efficient home improvements, including solar panel installation, through a special assessment of their property taxes.
If you sell your home through a real estate agent, work closely with them to ensure the financing agreement is effectively communicated to potential buyers. Your agent can help market the home’s solar features and address any questions or concerns from prospective buyers.
Is It Difficult To Sell A House With Solar Panels?
For most homeowners, selling a home in Florida solar panels is surprisingly easy since solar energy is becoming increasingly popular. Due to the financial perks, low maintenance costs, and environmental friendliness, solar panels can make your home more desirable to home buyers. The National Renewable Energy Laboratory (NREL) conducted a national study that showed homes with solar sold nearly 20% faster than homes without solar.
Do Solar Panels Affect Home Resale Value?
The demand for solar panels is higher than ever, especially in Florida, where sunshine provides a nearly constant energy supply. This demand means buyers are willing to pay a premium for homes with solar energy systems.
A recent study by Zillow found that homes with solar energy systems sold for 4.1% more on average than homes without solar panels. The study analyzed data from residential real estate listings and sales across the United States and concluded that solar panels can increase home value.
Contact Noland’s If You’re Selling A House In Florida With Solar Panels
If you’re considering listing your home with solar panels, contact us today to schedule an inspection of your solar panels to ensure everything is up-to-date before you sell your home.