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Updated almost 6 years ago on . Most recent reply

User Stats

86
Posts
24
Votes
Corey Kenney
  • Realtor
  • Moorestown, NJ
24
Votes |
86
Posts

How does having solar change the value of the home

Corey Kenney
  • Realtor
  • Moorestown, NJ
Posted

How is solar considered in terms of property value? I have 2 examples, if I have a potential listing where the owner just purchased a new system and is paying it off over the term of the loan, how would I weigh that against comps that do not have solar. In the second example, I find an unoccupied foreclosure that has solar on the roof that was bought free and clear(just as an example). Now how does this change the way I value it? I know most solar purchases are transferable to new owners but how much is this selling point worth and what value do I put on it in each scenario? I’m sure this is a more common occurrence now a days at least the first example so I’m just looking for insight. Thanks

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