What to Do About Your Solar Panels When Moving

Moving and selling your home is an exciting time, but it can also be stressful. Moving comes with a lot of questions. One top question many homeowners face is what to do with their panels on Staten Island. How you paid for your solar panels will determine the answer to that question. Let's go over the top purchasing options and what they mean when selling your home. 

1. Purchasing in Full - If you paid for your solar panels upfront, then your best option is to factor the cost into the asking price. You would do this the same way you would any other upgrade, such as a kitchen remodel or basement renovation. The cost will depend on how long you've had your system and how much you save on energy costs monthly. The average savings for homeowners is ten to thirty thousand over a lifetime.
2. Lease - If you lease your solar panels, you can transfer them to the new homeowner as long as they meet the company's credit standards. There may be a fee associated with the transfer, so be sure to understand your lease details.
3. Loan - Many homeowners pay for their solar panels with a loan because it allows them to take advantage of tax credits and pay over time. A home equity loan requires you to pay off the balance before selling. An unsecured loan allows you to sell before paying off the balance. In some cases, you can transfer the loan to the new homebuyer.

Solar Panels Staten Island

Call us for all your questions about your solar panels while moving. We provide the best solar panels Staten Island offers and are here to help.

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