Is a solar powered home an asset or a liability?

By
Real Estate Agent with Realty One Group

I recently listed a solar powered home in the Encanterra community at 1294 E Verde Blvd in San Tan Valley, Arizona for $369,900.00 

Click for details on solar powered home in Encanterra

 

This home has a 7.5KW solar system that reduces the average monthly electric bill to less than $35 per month. Since this system has a pre-paid 20 year lease to 2034, this low rate is grand fathered in and guaranteed by the system installer, Solar City. In addition, Solar City provides all maintenance at no additional cost during the 20 year lease. The local utility company, SRP, changed the net metering costs last year making new installed systems less desirable. So the way I see it, this solar system is an asset for a buyer of this home. 

Am I wrong? What is your experience with solar powered homes?

 

When I talk with some other real estate agents about selling a solar powered home, some of them think that this is a liability and it will make the sale of this home difficult. They mention that a new buyer will have a hard time qualifying to assume the system lease. I discussed this concern with Solar City people who specialize in system lease transfers and they were so very helpful and came across as wanting to make the transfer painless and easy. Very nice people to work with. I wonder if this negative thinking from the agents that I talked with about a solar system is due to lack of information or no experience in selling a home with a system?

 

So what is your experience with a solar powered home? 

Posted by

Peter J Thoesen PLLC

Realty One Group

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2141 E Broadway Rd #101

Tempe, AZ 85282

480-734-7901

buysellarizona@gmail.com

www.peterjthoesenpllc.com

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Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

I just paid $23,000 for mine ..It better be an asset...tks for sharing.

Apr 21, 2016 04:42 AM