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.
The Pottery Studio at the Hui Noeau in Makawao has installed PV to lower their electric costs.
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.
PV solar array on a home in Haiku Maui Hawaii made for a quick sale
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.
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