Solar panels can be a fantastic investment, but there are a few things you’ll want to check before signing on the dotted line. Here’s what you need to know to avoid surprises and make the most of your sun-powered home!
1. Who Owns the Panels? 🤷♂️
Are they owned outright, financed, or leased?
- Owned? Great! Just confirm there’s no outstanding loan.
- Leased? You’ll need to take over the lease, which means extra paperwork and monthly payments.
- Financed? The seller might need to pay off the loan before closing.
2. Is the Roof in Good Shape? 🏠
If the roof needs repairs, you may have to remove and reinstall the panels—costly and time-consuming! Check the roof’s age and condition before committing.
3. How Well Do They Work? ⚡
- How old are the panels? They typically last 20-30 years.
- Are they producing enough energy to lower utility bills? Ask for past performance data.
- Is there a monitoring system? You’ll want to track energy savings!
4. Maintenance & Repairs 🔧
- Panels are low maintenance but may need occasional cleaning.
- Inverters (which convert solar energy into usable power) often need replacing before the panels do.
- Ask about warranties—are they still valid and transferable?
5. Financial & Legal Stuff 💰📜
- Some solar loans are tied to property taxes, meaning you inherit the cost.
- Check if there are local incentives or net metering programs (where extra power goes back to the grid for credits).
- Make sure the system has proper permits and meets local building codes.
Bottom Line:
Buying a solar-powered home can be a win—if you ask the right questions! Make sure the system is in good shape, the finances make sense, and you won’t be stuck with hidden costs.
Got questions? Let’s chat before you buy! ☀️🏡
