Subscribe to Answers
I would except the lien they put on your home could be cripling if you plan on selling or refinancing during the time of the lease
Tony and Suzanne Marri...
Why? Mr Musk has invented solar shingles to replace the panels.
When Solar City prices are right, and sufficient storage available. then I most certainly would go with passive power generation.
I like the snippet from video in the conversation with the neighbors, "Come over and check out this sweet roof." You don't hear that very often.
Candice A. Donofrio
Fort Mohave, AZ
We're seeing some problems in selling homes with solar panels on the roof. Standing seperate, not so much. I too, would like to see what happens with the Tesla shingles.
No... too many issues with "ownership" of panels when you sell the home. Not a big deal here or a draw. I've yet to have a client who asked for a home with solar panels.
No. They might make sense if someone were planning to stay in their home for 20-30 years to either pay off the long-term lease or recoup initial investment when purchasing. But even if we were planning to stay in our current home that long, I wouldn't put them on the roof - too many potential roof related issue. You'd have to move them when updating shingles. I'd get a separate group of panels near the house somewhere.
Absolutely not. Technology progresses to fast to buy the system or lease and obligate the next owner to take over a 20 year commitment.
Too expensive in my area, even with stolen tax money...I mean, incentives.
If I was younger yes
I would consider only to make sure it is easy when selling home
Probably not. They are not attractive and homes with them seem to be harder to sell because of the non-curb appeal.
Probably not as the sun is not at the right angle to my house. The expense would keep me from it.
No. I own a condo. If I had a home ... I would consider buying and installing but not leasing.
Probably not, because of the aesthetics. But, Teslas new solar roof tiles look attractive to me.
No, I think they area awful looking & it takes too long to recoup the costs. Someday Elon Musk will figure it out, then I'm in.
If I lived in a sunny area, absolutely, but utility companies have not been very cooperative.
Absolutely if we were facing the correct direction and there was enough room
No. Poor return on the investment.
Solar would be a wonderful source of energy for the area I live in. However, hydro power is so affordable (lowest in the nation), the cost of converting isn't attractive.
A friend of ours just did. It took time and negotiating with the Department of Water and Power who of course still want to be paid for the power. It is a complicated issue, but it will cost him a lot less to run the AC and keep his pool warm in the winter.
Michael Thacker - Re/M...
Will have to research more about it to make an educated decision.
No. Generally seeing owned units not recouping the price at resale, and the leased units can be problematic. Not worth the headache
Only if your utility bill is high. The leased panels in No CA is not cost prohibitive. Many of our neighbors have it. Huge house several a/c systems. Want to turn heat up.
YES except the cost is very high (con)
No. I doubt we would benefit much from them. our utility costs are that much.
I am waiting to see what is going on with the Tesla shingle innovation.
I would not. The appraisers give them no value in my area and with technology changing so often, after 20 days they will look just as ugly as they did 20 years ago.
Yes only if purchased, not leased
I haven’t thought about it to much. However, if I have enough money to install them I would definitely give them a try. I know that when you use solar energy, your monthly electricity bills go down.
Besides, the cost of installing and maintaining solar energy panels is high in the beginning, but latter it could add your home a huge benefit.
I would, but since I moved into a gated community, it is unlikely to happen.
Nope! Not seeing it as a good investment here.
Only if I were to buy them outright. Otherwise the leased ones are a giant scam.
In mose cases they are lease and when you try to sell your home, the lease goes with the home and some people may not get a loan then.
Anything done to the roof comes with risk. Then, they may help with the utilities but not eliminate them. Further, it requires ongoing maintenance. I have used solar twice to heat a pool and got my monies worth
Never...they are the ugliest thing I have ever seen. They are talking about making them look like roof shingles...then I may consider it,but remember:
1) If you lease or have a contract with the solar company, that must be considered in a sale. The buyer may not want to take it over.
2)I was told they do loose their efficiency over the years.
no....I would if I had a big family at home...now they can put them on their own homes!!!!
Absolutely, if they were more cost efficient. Right now, the cost just doesn't make sense. Unless, I build a pool in the backyard.
Gloria Valvasori No I would not consider them. Too many issues especially when selling. Several years ago several owners purchased solar panels in my area. They do not age gracefully.
I would not install them on my home. They take up a lot of space on your roof & always seem to be on the front roof too... definitely detracts from the curb appeal of the house.
Had solar panels in Florida to heat the pool. Worked very well!
We've thought about it actually, but probably will not - the initial costs are prohibitive
Solar roofing, yes.
Scott Godzyk nailed this one!
I will when solar panels become more effective in rainy, cloudy climates
I would consider it but, it's very costly in our area.
Not unless it made sense financially, maybe some type of tax incentive?
We have them on a few homes here, but though my buyers like the idea of lower bills, they are intimidated by any future problems they may have.
We have them on one of our offices, I like them and the lack of an electric bill.
No. Have you considered the income tax, sales tax and property tax issues and business issues you will have if you install solar panels?