Prospective homeowners are also flocking to the island looking for homes in all sizes and shapes. This has resulted in bidding battles and disappointments as the market is flooded with buyers looking for their dream homes. Real estate in Florida is now more lucrative than ever.
Many homeowners also choose to power their homes with renewable energy like solar. In the event that they sell their home, some homeowners are reluctant to have solar panels installed at their homes. Here are some things you should know about buying or selling a house with solar panels already installed.
What You Need to Know When Selling a Home With Solar Panels
Potential buyers see solar as a valuable investment
Many homeowners are attracted to solar energy. Consumers are trying to find ways to save money due to rising energy costs and inflation. Solar can help you save more than 100,000 over the 25-year lifespan of your system. Prospective buyers will find it attractive to save money on a home they are considering buying.
Solar can help increase the value of your home
Every dollar counts with inflation on the rise. Homes with solar panels sell on average for 4.1 percent less than homes without them. The DOE agrees with the view that solar panels are home upgrades. It is similar to a new kitchen or floor. This could mean an additional $26,000 for you, considering Florida’s median home price of $634,000.
Even if you intend to move, it is worthwhile to install solar panels.
Solar is an expensive investment. Even if you plan to stay in your home for only 10 years, the cost of electricity with traditional energy sources will still be $3,583. Solar can be as low as $13, which will cover the required service fee to remain connected to the grid. Your total energy bill could reach $1,560 with solar.
What You Need to Know Before Buying a House with Solar Panels
Solar Benefits
Solar energy is the gift that keeps giving. Solar panels can reduce your electricity bill right away. Many homeowners pay only $12-14 per month for the necessary grid connection fee. A solar-powered home reduces dependence on traditional energy sources and the grid, especially when it is paired with a backup battery system.
They are also extremely low-maintenance.
They require less attention than you might expect. You should monitor your panel at least once per month.
You may be considering purchasing a solar-powered home. This could increase the property’s value. Although this might mean you will have to pay more upfront, it does not make you worry about high electric bills. You can also keep your home’s additional value if you decide to move on.
This post was written by Daniel Massaad, owner and expert solar technician at Energy Solutions Direct! ESD Solar offers knowledgeable and efficient solar companies in Lakeland FL! Our licensed and certified contractors are masters of their craft; with years of experience servicing the great Tampa Bay area and beyond, the choice is simple. ESD excels at offering you the best in solar value!
