A growing number of homeowners in New Hampshire are considering the long-term benefits of solar power, not just for their utility bills but also for the resale value of their property. However, navigating the sale of a solar-powered home requires several considerations and steps. If you’re a homeowner in the Granite State who's either considering the leap to solar or is now looking to sell a home with solar panels, there are important steps to follow that can ensure the process is smooth and successful. Below we explain the top reasons solar panels can add value to your home, and then share some tips for selling a sun-powered home in New Hampshire.

Solar panels and property value 

The Green Bonus 

Solar panels are an enticing feature for eco-conscious buyers eager to minimize their environmental impact. A solar system is a significant incentive for those committed to sustainable living since they harness clean, renewable energy and offer an alternative to fossil fuels. 

Financial Incentives 

Solar panels not only enrich your home with clean, renewable energy but also presents an array of compelling financial advantages for potential buyers. Homeowners who have solar can avoid fluctuating electricity rates.  

Embracing the future of energy 

Installing a solar power system also ensures that a house is ready for future energy market demands. Forward-looking buyers understand that solar energy is likely to become more integrated into daily life, and homes that are already equipped stand to benefit from this trend. 

Tips for selling a solar-powered home 

Working with a Realtor 

In New Hampshire, where the solar market and real estate laws are constantly evolving, it’s crucial to work with an agent who is well-versed in the local solar and real estate markets. The right realtor will help you navigate the sales process including the extra steps required for having a solar system. 

Solar Panel Appraisals 

A study by Zillow found that solar panels added up to 4.1% on home values on average - which is significant - so  before listing your solar-powered home, it is essential to get an appraisal that accurately reflects the value that your solar system adds to your home. This will determine your asking price and reassure prospective buyers that the value of the system is correctly factored into the overall property value. Otherwise, prospective buyers might question the remaining life of the panels and wonder if they’ll be tasked with removing the array, which may be unattractive to potential buyers. The efficiency and remaining lifespan of your panels will determine the value they add to your home.

The Right Documentation 

Ensure you have all the necessary documentation on hand including the warranty on the panels, evidence of permits and inspections, as well as records of system performance and energy outputs. Potential buyers will want to be sure they’re getting a high-quality system, and that it is worth what they’re paying for it. The more information you can show people, the more confident they can feel that the solar array will be of value to them. 

Marketing Your Solar Home 

When marketing your solar-powered home, emphasize the savings, environmental benefits, and any special financing or incentives that come with the solar system. Including this information in your listing can attract the right kind of buyer who is motivated by these features. 

Conclusion 

Selling a home with solar panels can be a positive experience, one that capitalizes on the increasing interest and value associated with renewable energy. By understanding the implications of your solar investment and preparing accordingly, you can effectively market your property to not only recoup your investment and hopefully see a great return on the sale of your home with solar panels!