Tag: solar energy savings

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Buying a Home with a Solar Electric Power System – Pros and Cons

Solar Power in Southern California Makes Great$ense

Does solar energy increase home value? The National Renewable Energy Laboratory (NREL) found that every dollar saved on energy through solar increases home value by $20. That’s a return on investment of 20 to 1. According to the national real estate sources, homes with solar panels sell for approximately 4 percent higher on average than homes without solar energy. A million-dollar home could be worth $40,000 more with a solar power system.

Solar has some down sides: cost can be more than expected, can results in a long-lasting monthly expense if not calculated and negotiated well; roof damage or leaks can occur if not property installed; solar can sometimes look unappealing or unaesthetic; solar can be improperly or inefficiently installed, such as in the shade; solar requires cleaning, maintenance and repairs, especially if it is placed low to the ground.

What happens if you buy a house that has solar panels?

If you’re looking to buy a home with solar panels financed through a solar loan, you don’t need to worry about making additional monthly payments. Unlike a lease, if the previous homeowner installed solar equipment with a solar loan, the loan will always be their liability, even if the property is sold. The seller may try to recoup their loan liability in the sale price of the home. Be smart about the value of the solar power system get a professional third-party estimate.

#Solarhome #offgridpower

Have you had solar installed? What do you like about it? Leave your comment here

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Is buying a home with solar panels a smart decision? What to consider if the equipment is leased or owned. In addition to saving you money on your energy bill, buying a home with solar panels will also boost your home’s appeal making it more attractive for resale down the road.

What do I need to know about solar panels when buying a house? Buying a House With Solar Panels: A Short Guide

  • Find out if the system is owned or leased. Don’t pay more for the house without knowing the status of the system. 
  • If there is a lease attached, review the lease with a professional.
  • Get the system inspected. to make sure it is in working order and efficient.
  • Have the system valuated by the third party company.

Get a free estimate on how much money solar may save you each month. Fill out the online form:

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The Addition of Solar Panels Can Boost a Homes Sales Price

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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Solar for Loft Condominiums

Solar may produce electricity for as little as a third the cost.

REAL ESTATE NEWS: Energy for HOA Communities | Blog Video

A solar electric power system produces all the electricity consumed on the property.

Through Net Energy Metering, the monthly payments to the electric utility company are reduced to zero.

Solar panels are inexpensive and in mass production. They are designed to last for 40-50 years. They come with a 25-year energy production guarantee from the manufacturer.

All that is required for a single condo owner to determine how large a solar system is needed is a recent electric utility bill. If it is a larger project for the HOA common area, simply provide 12 consecutive months of utility bills.

A solar Installer Rating Service can assure the utmost in Quality, Reliability and Customer Service. Work with solar companies that have experience with large complex projects, are fully licensed and provide the utmost in customer service.

The cost of an installed solar system is much less than what it was a few years ago. In 2021, it may produce electricity for as little as a third of what you are paying the utility company.

You can MAKE money with a solar system because it is a PRODUCING asset. The electricity it produces has monetary value and is purchased by the utility company through Net Energy Metering.

The installation process is streamlined and efficient. There is no interruption in electricity service to the property.

Financing

No Money Down financing is readily available with flexible terms and modest interest rates. There is NO LIEN placed on the property.

Monthly payments are LESS than the average electric utility bill you are currently paying. A typical payback period is 7-9 years.

There is a 26% Federal Energy Tax Credit available on the full installation cost of a rooftop photovoltaic solar electric system. For a commercial project it is called the Federal Energy Investment Tax Credit. This program was supposed to be phased out at the end of 2019, but was extended for 2 more years.

Various forms of financing included firms that specialize in financing energy projects.

Consult with an independent Energy Adviser that has expertise in solar energy, storage batteries and EV charging stations, one that specializes in solar projects for HOA communities and large residential properties, and can help homeowners save a lot of money on electricity — both in the short term and the long term.

Condo home owners find it advantageous to get an assessment of the energy situation for a property and an evaluation of the feasibility of a solar project.

Get a FREE energy audit and a FREE financial analysis to show the cost savings and estimate the financial payback period, along with various forms of financing.

A Solar/Electrical Installer Rating Service can make sure that homeowners gets an experienced company to do the design and installation – and one that will provide ongoing support and customer service in the future. It is important to realize that not all solar companies are capable of handing the requirements of a complex project.

Home owners of condos, apartments — and owners of commercial buildings: Get a FREE energy audit and FREE financial analysis. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
FREE energy audit and savings analysis

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.