Does Solar Power help Sell Homes?

By
Real Estate Agent with RE/MAX Results St Cloud Mn real estate

roof top solarDoes Solar Power help Sell Homes?

More and more homeowners are going to alternate energy sources, and solar seems to be a popular choice. It is accessible financially and unless the home is completely tree shrouded sunlight is an abundant and free commodity. The growing Prepper Community seems to embrace this concept.

The questions are:

  • Is the installed solar power system cost effective?
  • Can I install a solar power system in my city?
  • How does the solar power system work?
  • What will a solar power system do for me?

Anna Banana will probably comment on how popular solar is in the Phoenix, AZ area:) and in the south solar seems to be a no-brainer, although I have been told it can be ineffective in extreme temperatures. But even in St. Cloud, Minnesota the modern solar cells are effective (cost effective that is). Most city codes allow for the installation of solar panels and most utility companies have grant programs. In fact, in some states it is illegal for a city or homeowners association to ban solar power systems.

How does it all work?

Well there are two basic types of solar.

  1. Passive Solar: where the design of the home is such that it takes maximum advantage of the sun to heat the home directly, usually using a large bank of windows oriented toward the sun.
  2. Active Solar which commonly uses solar water heaters, and/or photo-voltaic cells (PV) connected in series and encased in a weatherproof box called a solar panel. Multiple solar panels in series make up an array. The array is often connected to a battery bank and then to an inverter, which converts DC to AC for use in the home.

So What?! What does this do for the homeowner? Well it directly reduces the homeowners utility cost, and if connected to the "grid" the excess power can be sold back to the power utility:) Here is the bigger question. Does a solar system help sell the home? For Buyers, it may be a matter of how well the Realtor explains the system, and it's benefits. How big is solar in your market? And, what is your Solar IQ?

Posted by

Steve Baklaich RE/MAX Results  www.stcloudareahomesforsale.com 

Cell:320-260-3290 Saint Cloud Minnesota Real EstateQR code to Google Places Page

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If you are relocating to central Minnesota check out all the wonderful reasons to love St Cloud. It is a wonderful area full of things to do and lots of great houses. I would welcome the opportunity to help you find your perfect place here. Visit my St Cloud real estate website for more information about buying or selling a home, or property in the central Minnesota real estate market.

 

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Topic:
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Minnesota Stearns County Saint Cloud
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RE/MAX Active Rain Bloggers
Celebrating Free Enterprise
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Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Steve,

What do you do with solar panels after they wear out? Big issue. :)

Steve

Jun 13, 2012 03:23 PM #1
Rainmaker
186,951
Steve Baklaich
RE/MAX Results St Cloud Mn real estate - Saint Cloud, MN
Treating Buyers & Sellers to Full Service Always.

Hi Steve:

Good question. The array is made up of individual PV cells, and they can be replaced individually, and are less expensive than the entire array, but you need some skills to do that. Kind of like working on your car yourself. Hire it done and you take the chance the costs can be prohibitive. The panels (arrays) themselves are actually fairly cheap now, compared with years ago, and so replacing them would be the easiest fix. The control modules that regulate the voltage, etc. can be a greater cost but seem to be less prone to breakdown, as they are not exposed to the elements.

Jun 14, 2012 03:15 AM #2
Rainmaker
908,789
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate
I wouldn't be opposed to solar energy. Anything to cut down on energy costs.
Jun 14, 2012 11:48 AM #3
Rainmaker
240,332
Patti Ann Kasper
EXIT REALTY NEXUS - Blaine, MN
Blaine & North Metro Minneapolis St Paul Real Esta

Not to mention the big tax deduction you get if you install solar panels.  Some cities, counties, and states have local incentives as well.  Great post Steve!

Jun 14, 2012 02:19 PM #4
Rainmaker
186,951
Steve Baklaich
RE/MAX Results St Cloud Mn real estate - Saint Cloud, MN
Treating Buyers & Sellers to Full Service Always.

I agree Kay, and being able to run stuff when there is no power from the utility is a big plus.

Jun 15, 2012 12:30 AM #5
Rainmaker
186,951
Steve Baklaich
RE/MAX Results St Cloud Mn real estate - Saint Cloud, MN
Treating Buyers & Sellers to Full Service Always.

Good point Patti Ann. These coupled with the energy credits from the utility companies make for great incentives. The one thing I thought of with all the storms going through was insurance. I would make sure my solar array was covered under my homeowners policy:)

Jun 15, 2012 12:33 AM #6
Rainmaker
1,853,449
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

To answer Steve's question, the costs are enormous.  And when the roof needs replacing, the panels have to be removed and hooked back up again by a solar professional.  You don't want to crack anything - too dangerous.

Here is a post of mine over a year ago: 

http://activerain.com/blogsview/2206993/the-dark-side-of-solar-power-part-1

I don't think we're there yet.  When benefits exceed costs maybe, but they have to make these panels less dangerous to us and the earth.

Jun 24, 2012 08:33 AM #7
Rainmaker
186,951
Steve Baklaich
RE/MAX Results St Cloud Mn real estate - Saint Cloud, MN
Treating Buyers & Sellers to Full Service Always.

Hi Jay:

I could not access your old post.

 

I would read it with interest.

Cost is part of the equation for sure. For some the reliability of the conventional power supply is an issue, and I would avoid putting an array on my roof if possible, as that presents many hazards.

Clearly it isn't for everyone, but for those with some skills and a milder regulatory environment, it may be useful.

Jun 25, 2012 03:37 AM #8
Rainer
334,224
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Sunny San Diego!

Jun 29, 2012 12:38 AM #9
Rainmaker
186,951
Steve Baklaich
RE/MAX Results St Cloud Mn real estate - Saint Cloud, MN
Treating Buyers & Sellers to Full Service Always.

Paul; This is just part of the fun of Active Rain, and the interaction I have always craved. Thanks for the encouragement though.

Jun 30, 2012 04:05 AM #10
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Steve Baklaich

Treating Buyers & Sellers to Full Service Always.
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