Selling a Solar Powered House

Selling a solar powered house

Home solar panels are becoming more popular as people tap into generous tax incentives and rebates, and also look to trim utility bills over time. But did you know that selling a solar powered house is easier (all things being equal) than one without solar panels? Not only can you sell more quickly, but often for more money when you have a solar panels on your home.

There are a few reasons for this.

First, people are looking for some security against rising electricity costs. Each year, you run the risk of your utility raising rates, but solar power generated by panels on your home only gets cheaper over time as you re-gain your return on investment. The power is free! Second, home buyers realize that average electricity use is increasing via appliances (yes, even energy saving ones), running air conditioning and heating, and even plugging in electric cars!

While the initial outlay of funds for home solar panels generally ranges from $10-20,000, after tax credits and incentives, most homeowners save about $150 each month in electricity bills. When selling a solar powered house, buyers realize that they are investing in more than just the real estate – they are purchasing “free power,” and security against rising costs down the road.

Estimates are that, for every $1 you save in annual electricity costs, the value of a home increases $20. With savings of $150 x 12 months ($1,800 annually), you can realize a $36,000 instant boost in equity. Selling a solar powered house is generally quicker with a higher return than the same home without solar panels.

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