As of today’s date, millions of homes in Australia are equipped with rooftop solar panels. The reason behind this is that people are looking for ways to reduce the cost of electricity bills by switching to a renewable source of energy. Not only that, but it also helps the people to reduce the effects of climate change and help improve the environment for the future. When it comes to solar panel installations, they are long-term investments and quite expensive. There are often instances when the homeowners put their houses on sale after installing solar panels. The benefit of selling these houses is that the homeowners receive a higher amount of money and the houses sell faster due to the solar panels. However, when it comes to buying these solar panel installed houses, there are certain factors that you must pay attention to in order to make sure that you are making the right choice. In this guide, we will discuss the factors that you must consider before purchasing a solar panel installed property.
- Age of Solar Panel Installation
The installation of solar panels in the Australian solar market is not a new concept. There are thousands of properties all over Australia who have switched to small-scale solar power systems more than a decade ago. While solar panels do last for at least 25 years, an installation done more than a decade ago means that they will not provide significant performance for long. That is why it is essential to know the age of the solar panel installation to understand how long or how efficiently they will provide service.
- Brand of the Solar Panels
The brand of the solar panels usually says a lot about the quality of service they provide. The name of the solar panel brand is not visible on the panels installed on the rooftop, so either ask the homeowner for installation papers or the name. There are hundreds of solar panel brands operating in the Australian solar market, but not all of them provide a good quality performance.
Once you learn about the solar panels installed, research the brand and get to know the details about their solar panels. This will give you a proper idea about how the solar panels are going to perform and whether the increase in asking price due to solar panels is worth it or not.
- Size of the Solar Power System
Each and every household has a different amount of energy requirement or consumption. Solar panels do not fit under the concept of one size fits all, meaning the system size that was enough for the previous residents of the house may not be enough for the new resident. In cases like these, you will have to understand and figure out the size of the solar power system and how much solar electricity it generates.
You will also have to find out your average energy consumption in a day and see whether the energy generated by the solar panels can cover that or not.
One of the main reasons for switching to solar is to save money on electricity bills, and we have witnessed a steep decrease in the cost of energy bills after the installation of solar panels. Make sure that you talk to the homeowners about how much money they save on electricity bills every month. The amount will not be the same for each and every household due to the difference in energy consumption, but it will provide you with an idea of how much you will be able to save.
- Solar Panel Warranty
Solar panels come with 2 types of warranties: product warranty and performance warranty. The work of a performance warranty is to guarantee that the solar panels will perform at a certain efficiency up to the end of the warranty period. This warranty period is at least 25 years for the majority of solar panels present in the market.
The product warranty is applied to cover any faults, defects, or so on, in the manufacturing process of the solar panels. This warranty period lasts for about 10 to 15 years, but a few brands even offer a product warranty of 25 years.
Checking the warranty will let you know about the facilities offered by the solar panel manufacturer and how many years of warranty you will get if you purchase the property.
It does not require much to maintain solar panels, and it is not costly as well. But a little maintenance can improve the longevity and performance of the solar panels by a significant percentage. The majority of owners get their solar panels cleaned and inspected professionally. Ask the homeowners about how many times they have got the solar panels cleaned and how often. Also make sure that the solar panels have been checked regularly for wiring issues.
- Solar Components
In a solar power system, there are quite a few solar components including solar panels. In the majority of cases, each and every solar component comes from a different manufacturer. It is essential to check the reviews of these manufacturers and also check the warranties.
Solar components such as solar inverters, batteries, mounts, and so on are all important. You will have to make sure that all of these components provide a great performance and come with a decent remaining period of solar warranties.
Buying a house is a big step and when it comes with solar panels installed, the price increases by a good amount. Although it saves you from the hassle of choosing and installing solar panels, there are certain factors that you have to take care of.
Before you make a final decision on purchasing the property, make sure that you check the factors discussed in the guide above. Buy the house once you have considered the factors thoroughly and are completely sure about it.