Homeowners save thousands of dollars on energy costs with solar panels. Of course, you want a piece of the pie.
Fortunately, there are many financing options when it comes to solar—including a $0 down solar installation and reduced energy rates.
Along with financing, you’re going to want to think about how long you intend to stay in your current home before you sign any solar contracts.
If you have solar panels on your home, but you’re looking to sell, fear not.
Homes that have solar energy have something called a premium, which means buyers want to pay more because of the convenience and savings that solar energy provides. Yet another reason many homeowners want solar panels.
Your home is already super desirable. Imagine what solar could do for you.
The next question you must ask yourself is do you own your solar panels? If the answer is yes, then this is going to be incredibly easy because you don’t have to process anything. The solar panels simply go to the buying homeowner.
Then use that premium to either buy or install your next home with solar panels. Because who wants to live without those savings? No one.
However, let’s say you’re still paying back a loan for your solar panels. Usually, the quicker you pay off a loan, the better. So, if you just pay off the loan with that sweet solar panel premium and some of what you make off your home, you’ll avoid any issues with the loan.
You may be able to transfer the loan to the purchasing homeowner, but they would need to qualify for that additional cost. Not to mention they may not want to shoulder the loan.
Let’s say you entered into a contract agreement with your solar company where you are renting panels for a reduced electricity rate. Sometimes you can pay a moving fee to have the solar panels moved with you. Other times, it’s easier to see if you can move the contract to the purchasing homeowner.
It depends on the contract and the solar company, so think carefully about your plans before you sign any contracts.
Luckily, help is free and accessible. Start generating clean energy and thousands in savings today. Use the form below to get your free quote and talk to your solar pros right away.