Getting solar and looking to see if it's a good deal.

**Alan1296** · 03-31-2019, 08:30 PM

A good time frame I believe is 7-8 years, so 6.8 looks good. The $3 a watt looks good too. I was at about $3.10 but had a ground mount system a fairly good distance from the home. And many trees were removed at the solar companies expense. Sounds like you've looked at the numbers and decided this is a good deal. The only thing I would caution is what you would get if selling right away. There's a lot of opinions on that. Here in Missouri they tell me what the system produces a year. So in your case 11721 at 15 cents or about $1758 bucks is what a potential buyer would pay up for the system.

**Jasper7821** · 03-31-2019, 09:09 PM

Thanks for the reply and some reassurance that it's maybe about normal what I'm paying.
I can't believe they'd give less than 2k for the system my size in your area to the home seller. I wish I could have found a home with solar for that price added to the home when I bought my house 5yrs ago.
I have no intentions of selling, but just a what if.
thanks again.

i did some quick searching and it seems in my area, purchased solar can add 4-6%of the selling price. And leased solar can subtract 3-8% of the selling price.
so if those numbers are true, then solar would add 10k -15k based on my 250k value of my home.
So if true, then there

**Alan1296** · 03-31-2019, 10:48 PM

It all comes down to the appraiser knowing how to handle the solar panels. I sure wouldn't take just a 2k increase for my 12.96kw system, but if the appraiser only increased it by that much the bank isn't going to loan money to a buyer over that. That would be great if you can recoup the total investment if you sell before your break even point.

**Jasper7821** · 03-31-2019, 11:02 PM

Thanks, if I ever did sell, it probably would be at least 3-5yrs. I'd think by that time I'm way ahead of the game and I'd come out positive anyways. I think it will all work out.

**J.P.M.** · 03-31-2019, 11:29 PM

Originally posted by Alan1296

It all comes down to the appraiser knowing how to handle the solar panels. I sure wouldn't take just a 2k increase for my 12.96kw system, but if the appraiser only increased it by that much the bank isn't going to loan money to a buyer over that. That would be great if you can recoup the total investment if you sell before your break even point.

Actually, it all comes down to what the buyer thinks the property is worth. Some buyers like PV. More than a few think it sucks and wouldn't want it. I know quite a few. Those wo don't like PV will shrink the pool of potential buyers and a smaller buyer's pool will lower the properties value. You'd take a $2K increase if that's all you could get - and that assumes there is a reliable way to separate a PV system's worth from the rest of the property's features. First off, at this time it's nearly impossible to separate the worth of a residential PV system from the rest of the property's value. That value, whatever it may be, is also highly variable with respect to location/neighborhood. That situation is not helped by most appraiser's lack of knowledge about PV, how it works or the worth (or non worth) of a PV system.

One other consideration often overlooked by most everyone for various reasons is that a system is usually sized with the current owner's usage in mind. To a (potential) buyer with a much lower annual load than the current owner, that surplus capacity (to the buyer) is of little/no benefit, and so any value the system may be to that buyer (and the one holding the only opinion that counts BTW) will probably be diminished. To oversimplify, if I need a 5 kW system, why would I pay for a 10 kW system ? At the other end, a buyer with a larger load probably, at this time anyway, will have a hassle upsizing an existing system, not only from POCO hassles, but equipment mismatch and other technical hassles.

Getting solar and looking to see if it's a good deal.

Getting solar and looking to see if it's a good deal.

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