SRECs: Solar Renewable Energy Credits (How to Sell Them in
Thankfully, there are a number of solar incentives and rebates available in most states. Some of the most important are solar renewable energy credits, or SRECs for short.
The short answer: selling a house with solar panels can be a good investment for both the buyer and seller with the right strategy in place. But whether or not solar panels will make or break a home sale depends on a few key factors.
If the panels are financed, you will need to pay off the loans before transferring ownership to the buyer since they are in your name. Leased panels might be able to be transferred to the buyer, but have the potential to add complexity to the negotiation and selling process. Can I bring my solar panels with me to another home?
The ACP varies by state based on the specific RPS goals, how aggressive they are and what the state deems a reasonable fine for not meeting them. Once you generate a SREC from your home's solar energy production, you don't have to sell it right away. However, it can lose value over time.
If your solar panels are owned outright, the transfer is simple: they're included in the home sale like any other fixture. Just provide documentation like proof of ownership, warranties, and system specs to the buyer during the sale. If your panels are leased or financed, you'll need to contact the solar provider early in the selling process.
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