Solar Panels On Your Roof...A Good Idea?

By
Real Estate Agent with Cheryll Woods-Flowers, Mount Pleasant Home Team

There is a great deal of conversation all over the country about solar panel installation on roofs.  There are many questions that are now coming up since there are homes with panels installed that are coming on the market since they have just become more popular over the last couple of years.  

I recently was going to write a contract for a client on a home that had solar panels. While exercising my due diligence responsibility, I found that the seller had a 20 year lease agreement on the panels with a required lease payment of $136/month. After a conversation with the seller, the listing agent could not tell me if the panels invalidated the warranty on the roof, or what would happen if a hurricane took the panels off of the roof or damaged them...would the insurance company pay to put them back? Would the panels weaken the roof? The seller also did not know what would happen if the company left the area or went out of business...Who would make good on any warranty that may be in place? My client chose not to purchase this home and moved on to another. I am not trying to scare anyone or to steer anyone away from having the panels installed...There are just very important questions that a home buyer should probably have the answers to that don't have anything to do with how much their electric bill will be after the panels are installed.

My local provider of electricity has a section on their website (link follows)  that gives some pretty good information about this topic.  I hope that you find this helpful!

South Carolina Electric and Gas Solar Panel Program

If you are thinking about buying or selling a home in the Charleston SC area or if you just have a question about the market, give me a call at 842-442-2219, e-mail me a cflowers@woodsflowers.com , or visit my website at Your Charleston SC Area Home .

Have an amazing weekend!

Cheryll

Comments (2)

Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

This is a controversial issue right now.  Personally, I think if someone is planning to sell in the near future, they should hold off on installing solar.  Who knows what the new buyer would prefer.

Jul 28, 2017 07:44 AM
Robert Sole
REM Inspections LLC - Winter Springs, FL

I don't think I would lease panels but a recent client told me that most months he only pays a minimum electric bill of about $10.00 because his solar panel make more energy than his home uses.

Aug 01, 2017 07:47 AM

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