What to Know About Buying a Home with Solar Panels

Solar energy is becoming more popular as homeowners look for ways to save money and live sustainably. If you’re considering buying a home with solar panels, there are a few important things to understand before you sign on the dotted line.

1. Who Owns the Panels?

• Owned panels: If the homeowner purchased them outright, you’ll own them once you buy the house. This usually adds value to the property.

• Leased panels: If the panels are leased, you may need to take over the lease agreement, which comes with monthly payments and specific terms.

• Financed panels: If the panels are financed, the seller may need to pay off the loan at closing, or you may assume the payments.

2. How Do the Savings Work?

Solar panels can significantly reduce electricity bills, but the savings depend on local utility rates, system size, and how much sunlight the home receives. Ask the seller for past utility bills to understand the actual benefit.

3. What About Maintenance and Warranties?

Solar panels generally require little maintenance, but check if they’re under warranty and what’s covered (panels, inverters, or installation). A good warranty can last 20–25 years.

4. Impact on Home Value

Homes with owned solar systems often sell for more and appeal to eco-conscious buyers. However, leased systems may complicate resale since buyers must agree to take over the lease.

5. Insurance and Roof Condition

Solar panels add value, so make sure your homeowners insurance will cover them. Also, ask about the roof’s age and condition — panels should ideally be installed on a roof that won’t need replacement soon.

6. Local Incentives and Net Metering

Research whether your area offers tax credits, rebates, or net metering (selling unused energy back to the grid). These can increase the financial benefits of owning solar panels.

✅ Takeaway: Buying a home with solar panels can be a smart investment, but the details matter. Make sure you understand ownership terms, warranties, and savings potential before committing. With the right knowledge, you can enjoy lower energy bills and a greener lifestyle.