Would you pay more for a house that had paid off Solar Panels?
Would you pay more for a house that had paid off Solar Panels?
I have a rental in Phoenix, Arizona and I have Solar Panels on them. I put the bill in my tenant's Name, so that I am not responsible for the utility.
My question is, I bought them for $33k, Would you pay $33k more for the house if it were a buy and hold?
The idea is that you have a $27 electric bill most months, and maybe $110 in the summer. That is compared to $105 on average, with $275+ in the summers.
You would possibly be saving $2000 a year in electric, which could be put towards the next property.
This means that you will pay off the panels in 16 years if you bought them with 0% apr.
The other option I have if I were to sell this property is to take the panels off.
I'd like to see what people think about paying more for the panels to have 1/4 the electric bill.