Clearing up Confusion: A Guide to Selling Your Home with Solar Panels!
Are you confused about what happens when you sell your home with solar panels? Many homeowners are, and it is not surprising given the complex nature of the process. But what if we told you that selling a home with solar panels does not have to be complicated? In this article, we will explore the confusion surrounding the sale of homes with solar panels and provide the correct information to help put your mind at ease.
The first thing to understand is that when a home is sold with a solar installation, there is no need for the home to appraise for a higher amount to cover the cost of the solar panels. This is because, when the loan and warranty are assumable, the buyer simply applies to assume the solar loan and when approved, the debt of the previous owner is eliminated. This means that the seller is free to finance a new solar system for their new home.
Another common misconception is that having solar energy is vastly different from energy from the grid. However, this is not the case. Both solar and grid power simply provide power to the home and are transferred at the time of sale. The main difference is that the cost of grid power will always increase over time, whereas the cost of solar power is a flat loan payment that can be paid off and provide free energy in the long run.
It’s important to note that any confusion around the sale of homes with solar panels can be easily cleared up with the help of a professional. Booking a 30-minute virtual meeting with an expert can provide you with all the updated facts and pricing for solar, helping you to make an informed decision about whether solar is right for you.
In conclusion, selling a home with solar panels does not have to be complicated. Understanding that there is no need for the home to appraise for a higher amount to cover the cost of the solar panels and that solar energy is not vastly different from grid power can help put your mind at ease. And with the help of a professional, you can get all the updated facts and pricing for solar and make an informed decision about whether it is right for you.