If you are considering installing solar panels on your home, you are not alone. Solar energy is becoming more popular in Las Vegas thanks to our sunny climate and rising utility rates. But before you make the investment, it is important to think beyond monthly energy savings and carefully consider how solar may affect your home’s resale value and ability to sell in the future. Let’s look at these Nevada solar real estate tips.
A Real-Life Solar Panel Selling Story
Recently, I worked with sellers in Las Vegas who accepted a strong cash offer from an investor. Their home had leased solar panels, and we assumed the transfer would be straightforward. Instead, the solar company refused to approve the transfer because the buyer was not going to occupy the property.
In the end, my sellers had to pay off the entire solar lease—nearly $29,000 out of pocket—just days before closing to keep the deal alive. This surprise expense could have been avoided with better upfront information about the solar contract.
This is not an isolated case. Solar contracts can complicate home sales, so if you are thinking about going solar, here are a few key things to keep in mind.
1. Consider Your Timeline
How long do you plan to stay in your home?
- If you expect to sell in the next few years, leasing or financing solar panels may not be the best choice.
- Some solar leases only allow a limited number of transfers. If you are the second or third owner, this can be a deal breaker when you sell.
2. Read the Fine Print Carefully
Not all solar contracts are created equal. Ask questions like:
- Can the system be transferred to any buyer, or only to owner-occupants?
- Are transfers allowed to LLCs or investors?
- What credit or income requirements must a buyer meet?
If a future buyer does not meet these requirements, you may be required to pay off the solar system entirely before selling—a significant financial burden.
3. Lease, Finance, or Buy Outright?
- Owned Solar Panels: Typically, the easiest to sell. Buyers love lower utility bills without ongoing payments, and owned systems usually add value to your home.
- Leased or Financed Solar Panels: Can work, but come with complications. Ensure you fully understand the transfer rules before committing.
4. Keep Your Documentation Organized
If you move forward with solar, save everything:
- Lease or loan agreements
- Installation records
- Warranty information
- Proof of energy savings
This documentation can help reassure buyers and make your home more attractive when you decide to sell.
The Bottom Line on Solar in Las Vegas
Solar can be a great investment, but it is not the right choice for everyone. Before signing any contract, consider how long you plan to stay in your home, how the contract terms could impact a future sale, and whether buying outright makes the most sense.
If you are not sure whether solar is the right move for your home, I would be happy to talk it through with you. Whether you already have panels or are just beginning to explore your options, I can help you align your decision with your long-term real estate goals.
👉 Want more insight? Watch my quick video about solar and resale value here: Instagram Video
