Selling your home with solar panels in New England can be a smooth and profitable process when you take the right steps. By preparing ahead of time and providing clear, organized information, you can reduce uncertainty for buyers and streamline the sale. Here are 3 things you need to do to easily sell your solar-powered home.
1. Prepare Your Solar Finance or Lease Company for the Sale
If your solar system is financed or leased, one of the first steps is to contact your financing or leasing company. They can guide you through the process of transferring ownership or the lease to the new buyer.
Financed Systems: Financing companies often allow for an easy transfer to the buyer after they pass a credit check. If transferring isn’t an option, you can include the loan payoff amount in the home price.
Leased Systems: Leasing companies will typically work with you to transfer the lease agreement to the buyer. This process is straightforward, but you’ll want to initiate it early in the sale process to avoid delays.
Owned Systems: If you own your system outright, consider getting it appraised. An appraisal gives you an accurate value for your solar installation and prevents buyers from haggling over its worth during negotiations.
Pro Tip: Provide buyers with all necessary documentation, including financing or lease terms, to ensure a smooth transfer.
2. Find a Realtor Who Has Experience Selling Homes With Solar
Partnering with a real estate agent who understands solar energy can make all the difference in successfully selling your home. An experienced realtor will know how to showcase the financial and environmental benefits of solar to potential buyers and can help you navigate the unique aspects of the sale.
One trusted real estate agency in New England is RI Realty, run by Monalisa Aguiar. Monalisa is a strong advocate for solar energy and has extensive experience helping homeowners sell properties with solar systems. She understands how to communicate the value of solar to buyers and can help you position your home as an attractive, energy-efficient investment.
Why Choose a Solar-Savvy Realtor?
They can market your solar system as a major selling point.
They know how to answer buyer questions about financing, warranties, and savings.
They help eliminate buyer uncertainty, which can lead to a faster sale.
3. Prepare a Simple Page Breakdown of Your Solar System Benefits
Providing potential buyers with a clear, easy-to-understand summary of your solar system will build trust and reduce uncertainty. A well-prepared breakdown highlights the value of the system and helps buyers quickly digest important details.
Here’s what your breakdown page should include:
System Facts:
System Size: List the system’s capacity in kilowatts (kW).
Panels: Specify the number and type of panels installed.
Installer: Include the installer’s name, address, and contact information.
Financier/Leasing Company: Provide the contact details of the financing or leasing company if the system is not fully owned.
Benefits and Savings:
Yearly Savings: Share the annual energy cost savings you’ve experienced.
Lifetime Expected Savings: Highlight the estimated total savings compared to the utility.
Warranties and Services:
Roof Warranty: Coverage for any roof work during installation.
Equipment Warranty: Duration of coverage for panels, inverters, and other components.
Labor Warranty: Details on labor or workmanship guarantees.
Production Guarantee: Assurance of a certain level of energy production over time.
By clearly outlining these benefits, you can demonstrate the value of your solar system to buyers, making it easier for them to see the long-term financial and practical advantages of owning a solar-powered home.
Conclusion
Selling your New England home with solar doesn’t have to be complicated. By preparing your solar finance or lease company for the transfer, partnering with an experienced solar-savvy realtor like Monalisa Aguiar of RI Realty, and providing buyers with a clear breakdown of your system’s benefits, you can ensure a smooth and successful sale. Take these simple steps, and you’ll be well on your way to turning your solar-powered home into a sought-after asset in today’s market.
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