Selling a home with solar.

Solar is a great investment with short and long-term benefits. Not only does it lower your monthly expenses, but it also increases your property value. So what happens when you decide to cash in on that increased value?

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Let’s talk about your options.

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1. Paying off an unsecured loan.

Because your solar loan is not tied to your property, you can sell your home and then pay off the loan with the additional revenue generated from having a system.

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2. Paying off a secured loan.

If you used your home equity line of credit to pay for your system, you will need to pay off the loan before you close on your home. The increased value of your home should cover the amount of the loan but the HELOC must be closed before the home is sold.

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3. Transferring a leased system. *this is our favorite option.

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You have the option to transfer the lease. “Sunrun makes transferring your solar lease agreement easy with our 100% guarantee that the buyer will qualify to assume the service agreement.” - Sunrun

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4. Purchasing from a lease.

If the purchaser would rather own the system that you’ve been leasing, you can buy out the rest of the lease and put the system in their name. That way, you can include the price of the system in the selling price and earn a higher revenue.

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If you’re considering solar but are also unsure of how much longer you’ll be in your home, this could be the perfect time to invest. Why? According to an analysis done by Zillow, on average solar panels raised a home's value by 4.1% across the nation. It can also help sell your home 20% faster. Read more about choosing solar here.

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Selling a home with solar and need help along the way? Talk to one of our experts today. Plus, we can help you save on a system for your new home!

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