Every home upgrade can influence your position in the real estate market. Solar panels are undeniably a net benefit, offering free electricity and lower power bills to any homeowner and resident. But do your buyers know that? Many homeowners worry that it will be more challenging to sell a home in Reno with solar panels.
The good news is that there’s no need to worry. Solar panels are a hot item on the Reno housing market. Like many advanced home upgrades, they make a home more appealing and increase the overall market value.
Benefits of Solar Panels When Selling a Home
When selling a home, solar panels offer a variety of advantages, from your listing price to your selling points:
- Solar panels inherently increase your home value by the value of the solar panel system and how much you save each month on power bills. Homes with solar typically list and sell at a higher price than similar homes without solar.
- Solar panels appeal to eco-friendly buyers looking for sustainable home features. Solar is delightfully high-tech while lowering the home’s total carbon footprint.
- Nevada also makes it easier to sell a solar home with its solar-friendly policies, including appealing packages from the local power utility.
- Lastly, Reno’s sunny climate ensures greater potential to generate solar energy in the sun-drenched neighborhoods.
Potential Challenges in Selling a Solar Home
What should you prepare for to take full advantage of the solar panels when selling your home?
- First, it helps if your buyers understand how solar technology works and the benefits they’ll gain from buying your solar home. You can also ease any concerns they may have about the system’s age or necessary maintenance. Solar panels require about as frequent maintenance as the roof itself.
- Be prepared to transfer your solar leases or loans to confer full ownership to the buyers.
- Many buyers love the look of solar panels, but you can also make aesthetic considerations for your buyers who are going for a specific look.
- You can also offer some advice to your buyers on how to navigate home appraisals with solar installations.
Strategies for Successfully Selling a Solar Home in Reno
Here are some strategies to consider to maximize your success when selling your Reno home.
- Highlighting energy savings and ROI – show your buyers just how much they’ll save on energy bills. Provide energy bill comparisons (before and after your solar installation) and help buyers calculate their potential for long-term savings.
- Emphasizing transferable warranties and maintenance records – show your buyers how protective warranties and maintenance records can help ensure better longevity and easy care of their new solar panels.
- Preparing clear documentation on the solar system – provide your buyers with useful system specifications and the installation details they’ll need for long-term maintenance.
- Performance history – show off your panel’s performance history with records of the amount of power generated each day, in different seasons, and under different weather conditions.
- Addressing common buyer concerns proactively – ask your buyers if they have any concerns and help explain anything they need to know to understand the benefits of household solar.
- Working with real estate agents experienced in solar homes – find a real estate agent who is familiar with selling solar homes.
Market Trends and Future Outlook
Solar is hot in Reno, Nevada, and the desire for solar homes only continues to grow. We are also seeing an increase in both buyer awareness of solar and their demand for sustainable homes with built-in solar panels.
Evolving solar technologies can also make a solar home appealing with the promise of upgrades and expansions in the future. At the same time, future energy policies emphasizing sustainable energy may have a positive effect on solar home sales.
Selling Your Solar Home in Reno
If you have a Reno home with solar panels, don’t worry about your future sale. Work with a knowledgeable real estate agent and you’re certain to find buyers who are as enthusiastic about solar panels as you are. Consult with Solar Optimum for personalized advice on solar installation and home value. Contact us today to get a free quote on a solar panel system.
