Buying a Las Vegas home with solar panels? This calculator helps you determine the true remaining economic value of the system — and what the seller should credit or pay off so the panels work in your favor.
This calculator is designed for solar systems that the seller owns (either paid off or currently financing). Leased systems require a different approach.
Is the solar system on this home owned or leased?
With a leased system, the solar company owns the panels — not the seller. As the buyer, you would need to:
Our agents are experienced in navigating solar lease assumptions in Las Vegas real estate transactions.
Talk to an Agent About This PropertyWe'll use the install date to calculate how many years of the 25-year warranty remain. Solar panels are warrantied to produce at least 80% of their original output through year 25.
Enter the NV Energy bills for the year before solar was installed. Summer months reflect peak usage and give us the best estimate of savings. You'll typically find these in the seller's disclosure documents.
Enter the NV Energy bills for the same four months in the first full year after solar was installed.
If the seller is financing the solar system, these details let us calculate two scenarios: the seller paying off the loan at closing vs. the buyer assuming the debt in exchange for a price reduction.
Seller applies a lump sum to the loan principal at closing. You assume the reduced balance at the same rate and term.
You assume the solar loan in full, but the seller reduces the purchase price (or provides a closing credit) so your net cost equals your savings.
Our agents are experienced in Las Vegas solar transactions — from loan assumptions to seller credits at closing.
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