Hello, I’m at the home that I have listed on 1160 North 748 West and I want to talk about solar panels for a minute and just some advantages and the price or benefits of solar panels.
But I want to give you a little background; this home, the sellers purchased this home and soon after they purchased it they did a remodel so the home had a carport here they put in this over sized garage and I’d love to talk to some more about the garage, it’s an awesome garage. But above the garage they did a bonus room. What they did in this bonus room is they added its own air conditioning unit and furnace. Then they put on a new roof, they took off the swamp cooler that was on the existing home, put in an air conditioning unit for the home and then put on a new roof.
So clearly their power bill has increased because of the work that they did; the addition on the home and the addition of the furnace and the a/c.
So anyway, a couple years ago they decided to get some solar panels. They got Vivint, there’s a lot of companies that have solar panels, they got a 20-year lease on some solar panels from Vivint, and I don’t know if you can see them; there’s some on this side of the home and then there’s some back up on this other side of this roof here.
And Vivint, they pay it’s about $56 a month they make a payment for this 20-year lease for these solar panels to Vivint. And then what Rocky Mountain Power does is each month they adjust the power bill depending on how much was generated from the solar panels the previous month. Before they got these solar panels their power bill was at about $230 a month. Within just two or three months after getting the solar panels they were down to paying Rocky Mountain Power seventy dollars a month and Vivint that 56 dollars a month, so almost half of where they were at before they got the solar panels.
Currently they’re paying $35 a month to Rocky Mountain Power, $55 or $56 to Vivint; so less than half. So the lease you can purchase or buy out the lease it’s at about $19,000 left in the lease. If you continue the lease, which is assumable, so if you are interested in this home get a hold of me. The solar panels, the lease is assumable, so you can just continue.
The panels are owned by Vivint so they’ll take care of them and do any maintenance that you need on that. But you can clearly see that over the lifetime of these panels you are going to save some money, and typically on any home you’re going to save some money and then once you own the panels you’ll even be less without that $56 payment to Vivint.
So if you want to see this home give me a call, shoot me a text or message, 801-318-3108. It’s an incredible home, a quiet area close to restaurants, shopping, retail, close to i-15.
If you have a home and you want to know what the price of your home is or how solar panels affect your value or even if you don’t have solar panels, give me a call or contact me, I’d love to give you some information about the market; what it’s doing, what your home value is in this market, what it would sell for. Anyway, I look forward to talking to you, have a great weekend.