Do Solar Panels Affect Your Central Valley Home Value?

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Do solar panels affect your home value? This is a common question and an important one to know the answer to before buying a home with solar or installing it on your current home.

There are two ways to purchase solar: you can buy it outright or do a solar lease. If you pay for it outright, you pay for the technology up front and not over time. If you do a lease, you make a small down payment or no down payment and you pay for the solar with your power bill on a monthly basis over the period of 15-20 years.

If you pay for the solar panels outright, it's a home renovation like a kitchen remodel -- it's an enhancement that will add value to your home almost instantly.

If you do a lease, it's a bit trickier; you're obligating your property, so it's like tying another loan to the home. That lease has to be paid for either by you or the next buyer, so it might have a negative equity impact when you go to sell.

If you're going to stay in the home long-term, we recommend leasing the solar panels. On the other hand, if there's a chance you'll be moving, it may be better to not buy solar panels or to purchase them and pay for them outright.

Basically, you need to get all the information about solar panels up front before you make a decision. If you would like help with the process, please don't hesitate to reach out to us! We're here to be your real estate resource and would love to hear from you!

Sponsor an Adoption in Manteca!

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The Ripon and Manteca Animal Shelter is a wonderful organization, and I’m very dedicated to their cause. Today I’d like to talk about some things that you can donate in order to help them serve their mission.

They need basic things like non-clumping cat litter, treats for cats and dogs, blankets, beds, and toys. They use these to put in kits when the pets are taken home by adoptees. Typically, a round of shots and neutering can get expensive, so families who receive these gift baskets with their pets are always very grateful.

Speaking of this, you can write checks or pay cash donations in order to cover the costs of shots and neutering/spaying procedures. You can make your check out to the city of Manteca or Ripon if you would like to sponsor an adoption. You can drop off cash or checks to our office in Ripon at 1408 W Main St.

If you’d like to donate to the shelter in Manteca you can drop money and checks off at 1600 W Yosemite Ave, Suite 1, between 8am and 5pm. We look forward to seeing you stop by! We will be taking donations through the end of March.