Solar Panels are The Hot New Trend!
As a Realtor I am concerned about what it will do to the Value of Our Homes.
If you can afford to Buy Panels, Great. Awesome Idea.
If you are Leasing the Panels, Proceed with Caution.
People are signing 20 year leases that attach to the home. Liens.
If you decide to Sell in 10 years, the New Buyer has to assume that Contract.
But what if the Cost of Panels drops in those 10 years?
Look at the first VCR's or Cellular Phones as examples of how
Technology and Market Demand drive down Prices.
A Buyer might be Comparing Your Home with another that has either;
a Newer, Cheaper, or More Advance System.
Or a Home with No Contract attached to it at all.
We all want to do our part, just be cautious.
