Maui Blog - Georgie Hunter R(S): What does rooftop solar mean for buyers and sellers on Maui?

What does rooftop solar mean for buyers and sellers on Maui?

What does rooftop solar mean for buyers and sellers on Maui?

If you're shopping for a home on Maui you'll notice that many have photo-voltaic (PV) solar panels installed on the roof.  This is being seen more and more, as homeowners seek ways to lower their monthly costs.  With our high electricity rates here in the islands, rooftop solar can really make a big difference over the course of a year, with net-metering.

Hui Noeau pottery center - solar array

The Pottery Studio at the Hui Noeau in Makawao has installed PV to lower their electric costs.

Search for a home in Makawao Maui

Some companies, such as Rising Sun Solar, will install a system that enables the homeowner to pay for it on a monthly basis, making it a leased system until it's paid for.  Of course a person can also choose to pay for it outright.  In either case, the savings start right away, and will last for many years during the life of the equipment.

Buyers should be aware that a home already outfitted with a PV system is a good thing.  Your energy savings will be an immediate benefit so you can start enjoying your new home without the added surprise of a whopping electric bill every month.  Buyers also need to know the difference between a system that is completely owned and paid for, and a system that is leased.  This will be brought up in the seller's disclosure statement and your real estate agent can explain it for you.

solar array on a home in Haiku Maui HI

PV solar array on a home in Haiku Maui Hawaii made for a quick sale

Search for a home in Haiku Maui

Sellers who are smart will already have PV installed on their homes for sale, making them much more attractive to buyers.  If you're preparing your Maui home for sale, it might be worth considering upgrading to a rooftop solar system now as a way of getting a higher sale price.  There is no charge from Maui Electric Company to become a net-metered customer.

With rooftop solar on a Maui home for sale, everybody is a winner.

Are you shopping for a home on Maui?  Search the Maui MLS right here and contact a Maui Realtor to make it go smoothly...

Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers

161 Wailea Ike Place C-103B, Wailea HI 96753

127 Hana Hwy. #G, Paia HI 96779

800 667-5028 ex 8241

direct: 808 283-0635

 

is rooftop solar a good thing?

 

 

Comment balloon 4 commentsGeorgie Hunter R(S) 58089 • May 10 2014 05:35PM

Comments

Georgie, Great information. It is getting to be really popular in Clarksville TN as an energy saving option.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional) about 3 years ago

Great post Georgie...this really shows why you are the Maui area expert!

Posted by Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes (Waves Realty) about 3 years ago

I saw fields of solar panels as I took the high speed train in Germany. I was amazed at field after field of solar panels!!!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) about 3 years ago

Great post Georgie!  It great to see all of the beautiful homes on the islands with solar panels.

For the most part solar panels do save folks money on their utilitiy bills.  The question is just how much is solar equipment worth? Sellers want to a higher home value because of the added green features and buyers want to better understand what they are purchasing.  How much does the system save me each month? Is transferring a solar lease really worth it? How do I know how much this solar equipment is worth?

At SolarValuations, we create customized 3rd party reports to help sellers and potential buyers understand the true value of their solar equipment.  We can help your clients better understand local utility rates, total cost of ownership, maintenance needs, complex solar financing arrangement and more in effort to help them make smart decisions.  Check out one of our sample reports online at www.solarvaluations.com and please feel free to reach out if I can help you communicate the value of solar to your clients.

Thanks,

Mike

Posted by Solar Valuations, Solar Appraisal (SolarValuations) over 2 years ago

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