If you’re interested in reaping the benefits of solar energy, you may want to consider buying a home with solar panels already installed. Before you do, though, you need to know that not every solar paneled home on the market is the same.
Fully owned solar panels
In the best-case scenario, the home you’re interested in has fully owned solar panels. If the panels were purchased up front they’re owned solely by the seller of the home. You’ll likely pay a little more for the home due to the increase in home value.
Leased solar panels
It’s not the same with every home, though. In some cases, a homeowner may be leasing the solar panels on a monthly basis from the company that installed them. You’ll need to review the lease to see what it means for…