Hi guys,
I'm new here and wondering about some details around selling my home (in NJ, btw). I installed solar a little more than a year ago and I fully own the system. I am most likely selling my home and moving to CT and I'm trying to figure out the best way to recoup some of my solar investment so I'd love your thoughts or suggestions--especially from any of you familiar with this topic. As I see it, the main options I'm looking at are:
Option 1: Sell everything (solar and SREC's) to the new buyer. If I do this, what's the best way to include the future estimate of what the home will generate based on it's track record so far? In other words, I'm pulling in roughly $1,800 per year in SREC's and my electric bill is $0 10 months out of the year saving roughly $175-$200 per month over the year. All of that adds up to a chunk of change and, in a perfect world, I'd love to have the buyer pay a portion.
Option 2: I sell the solar but retain the SREC payouts. In this case, have any of you left a home (i.e. sold it) but kept receiving the SREC payments? I'm currently going through the Flett Exchange so the whole process is automated. My solar meter has a wireless data connection which means it's independent of my home wifi so I think the whole process could continue pretty independently of new homeowners.
What do you guys think? My realtor has calculated the increase in my appraised value to include the solar value but I'd like to maximize what I can get without muddying the water for any potential buyers.
Thanks in advance for your suggestions.
Don
I'm new here and wondering about some details around selling my home (in NJ, btw). I installed solar a little more than a year ago and I fully own the system. I am most likely selling my home and moving to CT and I'm trying to figure out the best way to recoup some of my solar investment so I'd love your thoughts or suggestions--especially from any of you familiar with this topic. As I see it, the main options I'm looking at are:
Option 1: Sell everything (solar and SREC's) to the new buyer. If I do this, what's the best way to include the future estimate of what the home will generate based on it's track record so far? In other words, I'm pulling in roughly $1,800 per year in SREC's and my electric bill is $0 10 months out of the year saving roughly $175-$200 per month over the year. All of that adds up to a chunk of change and, in a perfect world, I'd love to have the buyer pay a portion.
Option 2: I sell the solar but retain the SREC payouts. In this case, have any of you left a home (i.e. sold it) but kept receiving the SREC payments? I'm currently going through the Flett Exchange so the whole process is automated. My solar meter has a wireless data connection which means it's independent of my home wifi so I think the whole process could continue pretty independently of new homeowners.
What do you guys think? My realtor has calculated the increase in my appraised value to include the solar value but I'd like to maximize what I can get without muddying the water for any potential buyers.
Thanks in advance for your suggestions.
Don
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