Thinking about making a move? Is your current home too small for a growing family? Or are you ready to downsize now that your nest is empty?
If you’ve been considering going solar, you’ll want to include that into the wish list as you start looking for your next home.
Ideally, you’ll find your ideal home, already upgraded with a professionally installed solar panel system. However, a recent search of Austin homes for sale yielded only 29 homes with solar panels already installed. Chances are, then, you will need to find your ideal next home, then add the solar system.
Buying the home you want then working with a solar company to design and install your solar system is usually the best choice. Because buying a home and all that it involves is a major commitment of your resources in both time and money, you want a home that suits your lifestyle and meets your criteria for space, amenities and community. Adding your own solar panels to your perfect home will enhance your enjoyment and increase resale value, too.
If you should find a home that fits all your needs and already has solar panels installed, you’ll need to find out if the seller bought the panels outright, financed them with a loan or if they are leased. When the seller purchased the panels without financing there are no issues. A solar loan would need to be paid off before the transfer of title. A lease can be more complicated. The leasing company will require that you, as the buyer, qualify to assume the lease. However, you may find that the terms of the lease are not favorable and you may not be willing to assume the lease.
A second consideration when you buy a home that has already been converted to solar is that the previous homeowner got the benefit of rebates and other incentives. Of course, you will be getting the benefits of low, stable energy costs without going through the work of installing the panels.
If you are considering the purchase of a home with solar panels, be sure that the solar panels are up to the quality standards you expect. You will also want to examine the warranty and other documents that accompany the installation.
When you weigh all the factors involved in buying a home that already has a solar panel system installed, you might decide that your focus will shift from finding a solar home for sale to finding your ideal home and contracting for the solar installation yourself.
At the end of the process, you’ll discover that the effort to seek out and create your ideal solar home is well worth the reward: a comfortable home with low energy costs for years to come.