Over the past decade, there has been a marketing blitz for solar panels. They are enticing customers by offering no money down and big reductions on their electric bills. As alluring as these benefits sound, home buyers place no priorities on having solar panels when they are looking at new homes.
Studies show that solar does significantly reduce the cost of the monthly bills but the initial cost is about $10,000 for an one family house. The upfront investment is recovered in about 10 years, this is based on the size and the normal usage of the home owner. Another factor in the time to recover is the amount utility companies will pay for the excess electricity. As more solar systems have been installed the rate for the surplus electricity has fallen.
In some cities, the new home buyer may have no option as the cities are are beginning to mandate that solar by installed on all new construction.