If you take a drive through the District of Columbia metro area, you might observe an increasing variety of photovoltaic panels decorating roofs on colonials, ranches as well as captivating Victorians.Solar panels have definitely gained appeal in the area over the last 5 to 10 years, says David Bediz of the Bediz Group, LLC. Ecological awareness may be one reason, but it helps that more people in the specialty can manage them, too. Solar panels can be expensive, so its not surprising that you see them installed on houses in the DC area, where incomes are higher than other parts of the country, he says.In the spirit of going green while decreasing energy expenses, solar panels provide individuals a restored
sense of responsibility. However, there are things potential buyers or leasers ought to know prior to purchasing this innovation. We asked the Districts top genuine estate representatives noted by genuineproperty data business OpenHouse Real estate( a United States News partner)and solar panel professionals for some assistance on getting a great return on financial investment with solar energy. [Read: 5 Real Estate Trends to Know Prior to Offering Your Washington, DC, Home.] Energy trends drive use.
Solar use and its desirability frequently increase when gas costs increase. Tom Faison, an associate broker with
RealEstateInDC.com, LLC, says hes actually seen a dip in solar sales just recently due to the fact that gas and electric are cheaper. When those prices increase, people will start investing in solar power and fireplaces once more.For the long run, Faison sees solar energy continuing to grow in usage, due to its track record as a money-saver and because state-of-the-art solar innovation is getting better.Dan Whitten, vice
president of interactions with the Solar Energy Industries Association, agrees. Solar [photovoltaic] systems can last a reallya long time, he states. Because they have no
moving parts, theyre trustworthy and require verylittle maintenance. There are planetary systems that have been running without incident for decades and with ongoing advancement we anticipate that to just improve.Most houses can accommodate solar. SimplyAlmost any house with a roof that has southern or western exposure is an excellent prospect for solar. Lots of homes in the District of Columbia have flat roofs, nevertheless, so to obtain the finest outcomesarise from your panels, you typically need to install them at an angle. For townhouses with smaller sized roofs, solar panel installation can present a challenge, Bediz states. In some instances, theres simply not enoughinadequate space to put them on, he explains.Also, ensure you understand exactly what requirements and requirements your homeowners association might have in place for photovoltaic panels prior to you install them. Historical policies in a lot of cities, and the guidelines for many individuals associations, will likely forbid panel installations where the panels can be seen from the street, Bediz says. [Read: 6 Ways to Sell Your Washington, DC, House Quick.] Future purchasers may not be impressed. Solar panels will change the appearance of your house, and potential buyers may not like them.I think many individualsmany people like the concept of solar for financial and environmental factors, but house owners should also bear in mind how the panels impact their houses curb appeal, Bediz states. Since theyre not especially appealing
, they might also negatively impact resale value.Be mindful what you sign. Different business have various policies, so check out the contract carefully. These agreements are not constantly about conserving the environment or minimizing energy burdens, says Bediz.At times they may be structured to lock you into a deal thats not to your financial benefit. Among Bedizs customers triedattempted to get out of an agreement after they found out that they didnt actually own the panels– and it ended up costing them a great deal of cash. As with anything, be cautiousbeware what you sign and check out the whole agreement so that you comprehend the issue.Numerous resources are available to inform customers about solar
, states Whitten. At SEIA, we encourage customers to always do their research so that they find a system that is the finest fit for them. SEIA offers resources such as the SEIA Residential Customer Guide to Solar Power, which details financing choices and guides customers on exactly what to ask prior to getting in into a solar arrangement.