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General Real Estate Investing

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Michael D.
  • Investor
  • San Jose, CA
90
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355
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Solar Panels?

Michael D.
  • Investor
  • San Jose, CA
Posted Aug 27 2013, 22:39

What do you guys think about solar panels? I'm considering them for a primary residence that we just bought for ourselves.

Salient points:

- One of the more expensive homes in the neighborhood at a little under $900k

- 3000 sqft, two story.

- Shingle roof as old as the house - about 14 years.

- SF Bay Area neighborhood, but not particularly "hipster"

- Our neighbor has solar panels, but I haven't talked to her about them yet (it's high on the list though).

Do solar panels add to the value of the home? What are some of the downsides? I'm not sure what else to ask, so please feel free to just let loose.

Thanks,

Michael

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