Scott Godzyk, One of the Manchester NH's area Leading Agents (Godzyk Real Estate Services)

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Rainmaker
850,626
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

It is a feature of a home only if the buyer wants it.

Many buyer do not understand the benifits so you need to educate them on the pros of solar.

Feb 16, 2020 06:04 AM
Rainmaker
3,544,205
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

This is yet another "it depends" answer.  Location likely becomes a factor.  Leased or Owned is yet another. 

It may matter to some and mean nothing/virtually nothing to others.  

Feb 16, 2020 05:27 AM
Ambassador
2,283,846
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Zero - if the buyer does not want to take on the payments and the damage done after they are taken off is a definite turn off. If they are paid for, the buyer may appreciate them.

Feb 16, 2020 09:17 AM
Rainmaker
1,525,100
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

In my last NY location, they did not add value to home values. 

Feb 16, 2020 06:43 AM
Rainmaker
968,410
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

It's been around since the 1970's here in CA and very common in San Diego, CA. It does add value when the equipment is owned or the lease is a minor payment compared to the documented usage savings. I find showing the before and after December & July bills make a huge impact on it being a plus!

Feb 16, 2020 08:19 AM
Rainmaker
671,682
Peter Mohylsky, Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
I AM STILL OPEN FOR BUSINESS ALONG THE BEACH

I am not sure we are seeing an increase in the number of solar panels in my area of Florida?  They make sense to me but like most things, they are slow in gaining momentum because of cost.  

I don't see them adding value.  I agree with the appraiser.  Zero value.

I put them into the same catagory as a pool.  If a buyer wants one, it is there.  

Feb 16, 2020 06:45 AM
Rainmaker
2,530,856
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The major positive impact is that it represents that the home is current in the tech world and then it furthers itself by implying savings. However, there are many factors against it as in , performance, maintenance and roof damage. Liabilities lurk here and one should tread carefully when disclosing them

Feb 16, 2020 06:32 AM
Rainmaker
1,872,569
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Are they Free and Clear debt free ? Roof issues ? Where are they positioned on the roof ( not over the Front Door!)

Feb 16, 2020 06:17 AM
Rainmaker
3,362,705
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I couldn't say... we see so few of them in Charlotte it would be hard to put a number on them.

Feb 16, 2020 05:50 AM
Rainmaker
830,288
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Solar is growing in New England but there is uncertainty about added value. There have been reports that some fire departments will not fight a fire where solar is on the roof.

Feb 17, 2020 07:16 AM
Rainmaker
4,727,801
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Scott,

In our Southern California market it does add value, because in those areas that rely on AC during the summer, it is an asset that lowers monthly bills.  When we lived in Napa (Northern Cal), we rain the two AC downstairs and upstairs and not simultaneously, our bills were over $600.00 a month.    Many of the wineries in Napa County have solar, and they resell their extra power to the Electric Company... 

Feb 16, 2020 02:32 PM
Rainmaker
5,669,989
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Time will tell if they have value.

Feb 16, 2020 12:15 PM
Ambassador
4,151,495
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

It depends. It's better if the panels are owned and not leased. Couldn't give you a number it's more of a perceived benefit to some. I believe there is a law now in CA effective 2020 that new homes must have solar panels.

Feb 16, 2020 11:05 AM
Rainmaker
2,856,408
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

ZERO according to appraisers in my area.  Appraisers do NOT assign any value to solar when appraising a home! 

Solar may have value in the eyes of the buyer. 

Feb 16, 2020 10:07 AM
Rainmaker
1,286,222
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

In my experience leased ones tend to detract from the value.  Owned ones are a wash.  Solar is not a "nice to have" or "must have" feature yet.  It's still more of an "eh" feature.  Especailly since most installs are just f'in hideous!

Feb 16, 2020 08:57 AM
Rainmaker
1,588,279
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I just had an arguement about this recently. In my area zero. In fact, it's normally a big curfluffle about damage to the roof, etc. I just DO NOT see an increase inspite of all the press on it.

I drive around now looking & I can't find any! People keep saying they are the greatest but why won't consumers give it a go? I'm going to say the 30K price & how long it takes to recoup that. If you stay there for life it's a good idea I suppose.

 

Feb 16, 2020 08:44 AM
Rainmaker
760,497
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It depends on the area and buyer preferences.

Feb 16, 2020 08:32 AM
Rainmaker
3,120,065
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you all for the answers. I wrote a little about it in my blog and will write another soon. I went to get a listing on a 5 year old home He spent $60,000 on panels and thinks the home should be worth $60,000 more than the market value to account for the panels. I let him know about appraisers and if the buyer is getting a mortgage, the appraiser oftens adds $o. If he over prices, the home may not sell. I did not get the listing as he needs to ponder this he said. 

Feb 17, 2020 06:25 AM
Rainmaker
669,484
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Honestly, I think I could've sold one listing four times already if it did NOT have solar panels.  I'm beginning to loath them... 

Feb 17, 2020 04:29 AM
Rainmaker
868,868
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

It seems that the young people are more open to solar than the older folks. I haven't dealt with it enough to give a good answer but it's becoming more common here so will be parked and reading.

Feb 16, 2020 09:24 PM
Ambassador
4,543,539
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I like them.

Feb 16, 2020 07:31 PM
Rainmaker
744,908
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

We just sold a house that was built 10 years ago...equipped with solar. The owner's electric bill for a year is less than my bill for the month of December. If you do not think that adds value, there is nothing I can say to help you.

Of course, not all solar installations are equal:

owned or leased or simply buying the electricity from the solar company...each situation must be evaluated.

Feb 16, 2020 07:31 PM