Agoura Horse Property Inc, recently asked about 100 agents in the Conejo Valley "How does a solar system affect resale of a home?" Of those that answered the question, most said that there was a "small advantage", and that the advantage increased to the extent that the seller owned the system outright rather than was making payments on a long term loan. A handful of agents had experienced a transaction in which a leased solar system with a long term contract had a negative effect on the resale value.
We love using the sun's energy to spare natural resources, and saving money in the long run on the cost of electricity is a good thing. The results of our poll suggest that buying versus leasing the system may be best for resale. When buying is not possible, and there is a likelihood that the home will be marketed for sale, then a solar lease contract should be certain to include a reasonable "buy-out" amount. This amount could be factored into the purchase price of the property.
We'd love to hear about your personal experience with solar? Do you lease or own your solar? Have you experienced either shopping for a home, or selling a home where a solar system feature had an effect on your sale transaction?