Buying a house involves many factors, especially if solar panels are involved. You will likely have some questions about solar energy regardless of whether you want to install solar once you move in or if you buy a house that already has solar panels. As a new homeowner, Sunline Energy can guide you through the process of going solar and answer any questions you have about residential solar panels. As the #1 solar company in Southern California, we have installed solar panels on thousands of properties across Southern California.
Would this house be a good candidate for solar panels?
When buying a home, make sure you can install solar panels before purchasing it, if solar energy is a priority. When house hunting, look for houses with south-facing roofs and little to no shading. A roof inspection should also be conducted before purchasing a home to make sure it can support the solar array and isn’t near the end of its life.
Solar panels: Buying vs. leasing vs. financing
A new SoCal homeowner has a few options available when it comes to solar panels:
Cash – By purchasing solar with cash, you become the direct owner of the system and qualify for any solar incentives.
Leasing – Solar panel leases allow you to use solar panels for a monthly fee, which is owned by the lease provider. When you lease a solar system, you are not eligible for any solar incentives.
Financing – A solar panel loan is a good option for a new homeowner to manage the cost of installing solar panels. Choosing the right financing plan allows you to own your solar panels while still receiving all incentives.
The Value of my House Will Be Affected by Solar Panels?
People are willing to pay a premium for solar panels, just as they are for a newly renovated kitchen or a finished basement. Solar panels are therefore likely to increase your home’s resale value and could even help it sell faster if you chose to sell in the future. Also, you’ll receive a 26% Federal Tax Credit if you install a solar energy system on your home in California.
How Soon Should I Install Solar Panels on My New Home?
Once you purchase your home, you can install solar panels at any time. However, to get the most out of your investment, you should act fast. As more homeowners purchase solar panels and batteries, solar inflation is expected to rise in the future.
Asking Questions About Solar Panels Before Buying a House
Solar energy is available as soon as you move into a home with solar. Even with solar panels, you must consider these things before making an offer:
Owned or leased?
The first thing you need to know is who owns the system. If the current homeowners paid cash for or financed their solar panels, they own the system and can sell it with the house. Leased systems can either be paid off or transferred to a new homeowner if the owner can pay off the remaining lease. Speak with the current owners and your realtor before you buy a home with leased solar panels.
What is the current solar energy production?
Getting to know how much electricity the current owners produce will give you a better idea of the amount of money you will save on your energy bills once you move in. Additionally, you may want to inquire about solar incentives, such as net metering and smart meters, to find out what savings you can expect from these programs.
What is the date of installation of the solar power system?
Most solar panels have a lifespan of about 25 to 30 years. You’ll want to know how old the systems are before you buy a home with solar panels. This will affect the functionality and value of the system.
Consult with the Solar Specialists in San Diego
Solar installation in Southern California is our specialty, so Sunline Energy is happy to answer all of your questions. We’re a local solar company in San Diego dedicated to helping homeowners become solar energy supporters. We can help make your solar journey as simple and hassle-free as possible. Call us today to learn more about the benefits of installing solar panels in your new home. Sunline Energy can answer all your questions about solar energy.