☀️ Solar Panels: From a Realtor

Solar panels are often marketed as a no-brainer upgrade for homeowners—promising lower energy bills, increased home value, and a greener lifestyle. While the concept is appealing, the reality is a lot more complicated. In many cases, solar panels may not deliver the benefits you’re expecting—and could actually hurt your financial standing in the long run.

Here’s what you need to know before signing a solar contract.

💸 1. The Savings Are Not Immediate

One of the biggest selling points for solar is “monthly savings,” but this is often misunderstood. While you might see a small reduction in your energy bill, you're often replacing that with a solar loan payment—which can be just as high, if not higher.

In most cases, it takes around 8–12 years just to break even on the investment. Until then, you're simply shifting your expenses—not saving.

If you don’t plan to live in the home for a decade or more, those promised savings may never materialize.

🏚️ 2. Solar Doesn’t Increase Home Value Like You Think

Another common myth? That solar panels significantly increase your home’s value.

The reality: Most buyers aren’t willing to pay extra for solar panels—especially if there's a loan attached. In fact, many buyers see solar as a liability, not a feature.

• They may not want to take over your monthly payment.

• They may be concerned about panel maintenance or replacement costs.

• If the panels are leased or financed, it adds complexity to the sale process.

In many cases, you could end up reducing your home’s equity or facing buyer pushback due to the added burden.

🛠️ 3. You're on the Hook if the Solar Company Disappears

Here’s something solar sales reps rarely mention: many solar companies go out of business within a few years. If your provider folds, you're left without support for:

• Warranty issues

• Maintenance or repairs

• Monitoring system malfunctions

That means you could be stuck with malfunctioning equipment and no one to help you fix it or file claims—all while still paying off the loan.

⚠️ 4. Resale Headaches and Equity Concerns

Solar panels can complicate the sale of your home, especially if they’re financed. Many buyers don’t want to assume the remaining balance of a solar loan—or simply can’t qualify.

This often results in sellers:

• Paying off the solar loan out-of-pocket just to close the deal

• Reducing the price of their home to compensate for the perceived hassle

• Losing equity they would’ve had without the panels

So while you might have hoped to add value, the reality is: solar can actually eat into your profits when you sell.

📝 Final Thoughts: Know Before You Sign

Solar energy has its benefits—especially for homeowners who pay very high electricity rates and plan to stay in their home for many years. But for the average homeowner, the financial risks often outweigh the rewards.

Before committing to solar panels, ask yourself:

• Will I live in this home long enough to break even?

• What happens if my provider goes out of business?

• How will this affect my home’s value and marketability?

Do your homework, and don’t rely on the sales pitch alone.

If you’re considering solar and want a second opinion—or guidance on how it could impact your home’s value—feel free to reach out. I’m happy to help you weigh the pros and cons with your long-term goals in mind.