PV system affect on home re-sale [RE-wrenches]

[Ray Walters]

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A few of my off-grid systems (and the homes they powered) have changed 
hands. I go with the system. I talk to the seller, potential buyer, and the 
realtor. I explain what to expect, what upgrades may be needed to fit the 
new owner's life style, etc. Also, I lay out what I think are the seller's 
maintenance obligations (replace batteries), and what is the buyer's 
expense. I have also been hired to appraise  a system's value, inspect it, 
and perform maintenance .   Everyone is happy in the end, and I have a new 
customer and usually a new project - upgrading the system. I charge for 
anything beyond a couple of phone calls, thus becoming the official solar 
expert for the entire real estate transaction.  If you don't charge them , 
they don't value your opinion as much.
Its up to us to work with the realtors, make them comfortable selling solar 
homes,  raise the resell value of homes with solar, and in the end promote 
our industry and our own services.

Ray

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>Wrenches,
>You would think that it would be in the interest of the realtors to present
>renewable energy systems as "valuable".  Therefore, the property will have
>more value, which means a larger commission in their pockets.  I wish
>everyone's motives were pure and they could see the environmental advantage,
>but larger commission checks are as motivational as doughnuts.
>Many states have passed laws that prohibit an increase in property tax due
>to the installation of a renewable energy system.  The new owner will have
>to pay for the system investment, but at least it is tax free for 10-15
>years.  I can't speak for everyone's taxes, but  10 to 15 years tax free
>greatly increases the value of energy savings.  So our industry needs to let
>the realtors know that they can make a little extra $$$ if they "sell" the
>value of a renewable system to a new owner.  As stated previously, the real
>value is in the green energy savings, but a few extra bucks for the realtors
>might sweeten their perspectives.  Then we can keep our heads in what we
>enjoy doing most, while not having to worry about second and third owners.
>
>Doug Wells
>Solar Works
>
>-----Original Message-----
>From: John Raynes [mailto:john at raynes.com]
>Sent: Thursday, May 06, 2004 11:34 AM
>To: RE-wrenches at topica.com
>Subject: PV system affect on home re-sale [RE-wrenches]
>
>
>
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>
>Hello all,
>
>I know a lot of wrenches don't like to focus on return-on-investment
>considerations for PV, but...
>
>One question that I've pondered a bit, and that I'm getting asked by
>prospects is, how much will a PV system add to the re-sale cost of a
>residence?  Here's the way that I'm telling my customers to look at it:
>
>What they will be selling is a house with lower year-round energy costs
>than the typical house of that size and type. I don't know if real estate
>agents or appraisers have a way of factoring that into the value of the
>house, but they should. New home buyers always look at what monthly payment
>they can afford, and a lower electricity bill will make any given home more
>affordable, like offering an interest rate buy down.
>
>I also believe that for grid-tied houses, a battery-less system will more
>likely add value than a battery system, for the obvious reasons that a
>battery system adds maintenance (and other) issues for the future
>homeowner, that he or she may not be looking for in a new home.
>
>Any thoughts, or data in this regard from the CA market?
>
>Regards,
>John Raynes
>RE Solar
>Torrey, Utah
>www.re-solar.com
>
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