Solar Panels On Home

[Alex Guerrero]

We’ve all had the solar people come knocking at one point or another. Is the knocking all a scam or is getting solar panels on your home 1) Worth the effort 2) cost me anything 3)how will this effect my home value. Thanks y’all!

[Brad Jacobson]

As a Realtor, my advice always leans towards "no" on solar.  

Like Eliott said, solar doesn't increase the value of the home when reselling.  In addition, the seller has to foot the pay-off bill with their home sale proceeds because the buyers don't want the note to carry with the purchase.  Last year I had a listing that still owed $30,000 on their solar and demanded that the note transfer to the buyers.  It wasn't a good situation and made the listing much more difficult than it needed to be.

If you're planning on staying in your current property for 15+ years, you're fine to make the decision based on your electric bill but if there's any chance you move before then, I'd lean towards "no."

Good luck!