Foreclosure painful option

Thursday, September 2, 2010

Solar Panels and Its Effect on Your Home's Value

Although solar panels are definitely an add-on to a home, real estate agents do not really have a fixed agreement on whether it really does add to a home's value or it's just an extra bonus for buyers. For buyers who are into alternative energy, it might be a selling point. To others, however, it may be a turn off.


If a home owner does decide to have these panels installed, certain things must be put into consideration. For one, owners must know that these solar panels cost a lot ( despite the tax credits and rebate owners can get).
If buying one is too much, owners can opt to rent panels. Owners do not have to pay for the whole upfront cost, but leases can take years to end.

As a conclusion, solar panels are great as they are huge help to environment... but unless a home owner plans to stay in that house for at least a decade, having these panels installed can be too costly.

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