Welcome Home with Monique

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Good morning. This is Monique cannon, the host of the welcome home with Monique show. And on this show, I talk all things real estate. Listen, I want to thank you for tuning in. Well, hello, Las Vegas. It's Monique Buchanan, the host of the welcome home with Monique show. And I am happy to have a a unique show for you today. Listen, I've been hitting you guys over the head. Excuse me, I've lost my voice hitting you guys over the head. You know so much about buying right now in that it's a perfect time to purchase a home. I keep saying it. And the reason I keep saying it is because you're getting a great deal right now. Okay, you don't have competition out there in most cases. And listen, the builders are paying your cost, right buying down your rate. So don't be scared about the rate, but I'm not gonna preach, not gonna preach. I actually have one of my solar professionals on today, we're going to talk to you guys about the benefits of solar panels. I'm a true believer, I have solar myself. It is hot out there. And luckily, we have not hit 110 quite yet. But it's coming, guys. So listen, if you're paying, you know, five 600 $700 or more whatever, for your power, there's just no need. So I want to introduce one of my solar professionals, Mr. Bernard Lowe with power solar. Hi, Bernard.

Unknown Speaker 1:57
Hey, how you doing?

Unknown Speaker 1:58
I'm doing well. I told him I said you know what? You really have a radio voice tag, say your name again. Banagher. But no. I love it. I love it. Alright, so Bernard is coming on today to just you know, myth bust. Okay. Because there's a lot of myths that we have about solar, that, you know, we hear people talking and we believe them. So I'm gonna bring on this professional, Mr. Barnard to go over the truths about solar. Okay. But let's just start off real quick. Bernard, the biggest question I get with my buyers is, you know, when I talk to them about solar, because I'm such a true believer, because I do have it myself is, hey, what, what is the upfront cost for solar? You know, and, and what kind of credit score do I need to buy solar panels, a lot of people think that they they don't have the right credit, or they, they just can't afford it that it's a tremendous cost. Right

Unknown Speaker 2:50
now, and I think it's going to go for some time is we have a special promotion with no money out out of pocket to go solar. So you could take the same money that you're spending right now and your monthly energy bill, and roll it over that or reduce when you go solar about 30 to 40% of what you've been paying to Nevada energy through and just go solar. And that's absolutely no money out of pocket. Yes,

Unknown Speaker 3:15
sir. Because I tell everybody, when I bought my home, it was twice the size of my previous rental property. And I knew it was going to be a little bit more like in my mind a little bit more for power. But I didn't think it was going to be almost 50% more. And so I got a bill for about, I think it was like $700 I call it Nevada power. And I said you've made a mistake. And they said no, we didn't make a mistake your home is this, you know, this square footage. And that's how much power you use. And at that moment, I picked up the phone right away, and called solar because I knew I was not going to be paying, you know, $2,500 just for three months of solar or will the summer, you know is like the summer. So what is summer, it's actually a little bit longer here. But I when I did the math that was going to put me at almost $2,500 for the summer time. And so I knew right then and there that it just made sense to get with solar, they came over, you guys do a consultation. And you know, they give you clarity on just what your bill is going to be. And I'll tell you what my bill is even cheaper than when I was with Nevada power. And I did the 12 month, you know, even it out and just pay the same for 12 months. It was $100 cheaper than that. So it made complete sense. And that's why I have you on. So go ahead and just let them know what is the average cost? Well,

Unknown Speaker 4:33
it depends. And to answer your question earlier you asked me about the credit score. I did. So it's about 650 minimum credit score to be able to go approved, they can get it they can get approved, again is no upfront cost. And that's pretty much it solar is it's an IQ is not a sale. That's good. So You understand how you're paying for power? Electricity? You'll go solar a lot faster, right? And

Unknown Speaker 5:07
what explain to us how are my listeners that are paying, you know, power right now with NV energy? How does that work?

Unknown Speaker 5:15
So a lot of people aren't a lot of things that keep people from going solar is they think about the loan, they think about, is this a loan, I'm taking on a loan. So if you really look at it, the way you pay Nevada energy, you're already in a loan, you don't even know it. And look at it this way. An endless, never ending loan, a never ending. You don't own the power lines. That's true. You don't own the meter that's attached to your house. Absolutely. They do. They rate hike when they want to, yeah,

Unknown Speaker 5:56
they raise your payment per month when they when they want to, that's true

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in you have to pay every single month, that power bill and when you don't pay, guess what, they disconnect your power, and you have to pay a reconnection fee. And then that reconnection fee, Oh, get the power restored. If you do it several times, it'll affect your credit score, and you have to come up with a deposit to get your power again, right. So if you look at that the hidden. If you look at that particular structure, that's basically how a loan works. So you're not alone and you don't even know it. That's good. That's true. So you take that same money that you spend in, in, you roll it over, and you go solar, with no out of pocket cost to get started. So let's say you spent in $150 a month.

Unknown Speaker 6:51
I gotta stop you. I don't know anybody spend $150. In apartment more than that? Yes, sir. The average is, especially in the summer, the average bill, I would say is more like 230, at least for a regular size. 1600 square foot home at least 230 a month. Sorry, yes. I had to stop what?

Unknown Speaker 7:10
So you take from a hypothetic standpoint, you take? Let's say $200? Okay, sorry, on an average, because we know the the, the bill is going to fluctuate in the summertime, right? So on average, excuse me, you take $200, and you times it by 12. That's $2,400 that you spend in right there, right every year on power, right now, if you do the math in this would make sense is that if you understand the way that you're paying for electricity is easy to go solar. So you take that, that $200 times 12. Now, how long have you been in your house? Five years, 10 years, four years, whatever it might be. And you times that 2400 times five, and you look at that number, even though you've already given the VAT energy, that much money. And you don't have $1,000 And you don't have a tax write off, right? That's just knowing benefit, no benefits, and that money is just thrown out of the window. Now when you go solar, you get a 30% tax credit, whatever you spend, then that enhances the value of your home. And now you have a write off. Right. Okay. Now you have something that makes sense. Yes. But fair again, too. If you look at it from a loan perspective, you're just basically diverting what you're spending on the left and putting it over to the right, and reducing monthly,

Unknown Speaker 8:45
you're replacing your monthlies. Well, that makes complete sense. Yeah, it absolutely does. Now, let me ask you something else. How about if you move? What if What if some of my listeners are thinking, Well, I've thought about getting solar, but I'm just not sure how much longer I'm gonna live in this property. So I don't want to get a loan on solar, and then move or sell. We'll talk about sales second, because I've got something to say about that. But move. Okay. Either take the solar with them.

Unknown Speaker 9:15
Absolutely. You can have it dismantle you own the system is your it's your system. So it could be dismantled, and you can take it and move it to the next property.

Unknown Speaker 9:25
You guys just charged like a fee.

Unknown Speaker 9:28
There is I'm sure that the electricians do charge a fee to do so. But they're getting to it's your system. You could sell it with a home in most cases, what everybody does, yeah. So with a house, but there again, it is your system, so it can't be right

Unknown Speaker 9:46
and then let me just go ahead and expand on that as as the realtor in this conversation. I have plenty of listings that they do have solar and especially when there's you know pay if it's paid off. Oh my goodness. You know, there's so many people, multiple offers in many cases, because it's, it's free powered, almost free, what is it $13 A month, if the systems paid off. So it's like having free power, that's very attractive, very attractive. I've had buyers choose a solar home, just because of that over a house that they liked, you know, a little bit better as far as how it looked and everything, but the fact that they were gonna get, you know, $13 a month that made sense to go with that house over the other, because it has free power, you know what I mean? So anyways, so that's something to, you know, think about people say, Oh, it's gonna be a problem. If you sell a home with solar, no, there is no problem. The buyer just has to be approved for whatever the loan is. If it's $100 a month loan, that's how much the payment is. It's, it's very simple. Okay, it's not a big deal. They transferred into their name, it's not a big deal. So that's the real estate side of that. And it's very attractive to many buyers to have that solar, because they know it means that less of them monthly payment for their power. Yes. Right. So the tax credit that works just like the mortgage credit as well. So that's awesome to have that tax break. Like you said, you're not just throwing money out the window. And it's funny that you just did that. You know, show people hey, if you've been in your home five years, you've already been paying basically like a loan. You paid $12,000 to Nevada power on average at $200 a month. So you're already doing it. You know, why not get something out of it? Right. And if you're just tuning in, this is Monique Buchanan. This is the welcome home with Monique show. I am your host Monique Buchanan and you can find me at IG or on IG realtor Moni Buchanan, you can catch my shows on YouTube, that is welcome home with Monique. Also, I am syndicated on all platforms, Spotify, Pandora, whatever you'd like to listen to, you can catch my podcasts there as well. But if you are interested in solar, there is a great special going on right now. No upfront cost you guys. That's why I'm having Mr. Barnard on. So if you'd like to talk to Mr. Barnard, he will get you going set you up with a free consultation, right RENNARD. And he'll get right on out there. And he'll explain everything to you. Okay. So you'll be in the know, before you sign on the dotted line, you'll have a clear understanding of how everything works, what it looks like. And then you can decide if you want to move forward. But at least he can come out and go over everything with us that is that fair family. Right. So if you're interested in contacting Mr. Barnard, you can reach me and I will get you in touch with him. 702984 3700 702984 3700. All right, let's jump back into it. So if you're just tuning in, we're just going over some of the concerns that we think people have when it comes to solar. What are some other things that you hear Bernard about solar and why people hesitate? To get this, you know, solar?

Unknown Speaker 12:59
The biggest thing that I hear all the time is about, is it alone? I'm gonna it's gonna be another is going to be alone. And they just don't understand. Let me ask, the question would be to the client is, how long do you think you're gonna pay for power? As long as you're here on Earth? Forever? And that's,

Unknown Speaker 13:25
that's timeshare. Never stop paying,

Unknown Speaker 13:28
you never stop. And that's exactly correct, right. So you're going to either pay for the power, or you're going to buy candles, and no one is gonna buy candles because you got that refrigerator, all the appliances AC and stuff to you, you have to utilize that. So you're gonna pay for power, no matter as long as you here on earth, no matter what, right now there's two ways to have power. You can have power through the grid system. Or you can have power from the Father, the Son, and of the Holy Spirit. I say that funnily because jokingly because the sun, so God owns the galaxies and the stars. So your power is coming directly from the sun, right? So when you go power or when you go solar, you actually own your power. That's right. You lock your rates. So you're no longer in a rate hike. Right? You know,

Unknown Speaker 14:27
more newsflash. Oh, Nevada power is going up. 3% Again, you know,

Unknown Speaker 14:31
yeah. And so when you take the numbers, and you look at how much you're paying a month, times 12 And how much that times 12 is, by the many years that you've been in your house. It's easy to walk across the bridge and go solo.

Unknown Speaker 14:54
Absolutely. And since we brought that up, it's crazy because they just did to Nevada power just did another rate hike, they were talking about how expensive it's going to be over just this summer. As

Unknown Speaker 15:07
a matter of fact, July 1 is going to be a rate hike coming from the bad energy. That's going to increase your power bill again. And they have control over how many times they want to do a rate hike. I mean, you have to think about it. If you get on the phone right now, and you call Nevada energy, and you say, Hey, will you please stop the rate hikes? They'll hang up the phone? All right. You could call the betta energy and say, Hey, will I ever own my power? They'll hang up the phone, because you're never going to own it. Right. So they control the rate hikes. Again, as I said earlier, they control the power lines, the meter that's attached to your home, even though your home is paid for or not. They own the grid system, right? And so solar is just a no brainer. It's a no brainer, right? It's not a sale. It's an IQ, right? Yep. To understand, how are you paying for electricity? And what's the smartest way to do this? Right. And so but again, the rate hikes.

Unknown Speaker 16:16
And here's the thing, when I came from Texas, we had options in Texas, it was not just one power company, and that's just who you had to use. And they could just, you know, do rate hikes, you know, all the time. So you're giving Nevada citizens an option with solar. Because in Texas, you're able to go through and choose who you would like to have your power with. And that's not something you can do here. It's Nevada power. And that's that, you know what I mean? Like you said, if you call them and say, Hey, can you, you know, stop upping up my bill that, like you said, They'll hang up. So this is your other option, and it's a great option. And it's in it's also a very environment friendly option. But I have some people that say, well, Monique, I don't know if I want to get power, or solar power, because I think those panels are going to look ugly on top of my house. What do you say to that?

Unknown Speaker 17:05
Well, I would say that you have two options you can have, you can either have it put on the roof, or you can have it installed on the ground. I didn't know that was an option. Yes, it's called the ground mounted system, that could be put in your backyard on the side of the house, depending on the space that you have. And that keeps everything off of your roof. And those that are okay, with the roof insulation, you put it on your roof. That's amazing.

Unknown Speaker 17:32
Okay, and so one more thing I want to kind of talk to you about, are all homes suitable to get solar panels? No, no. Okay, which ones would not be what could be some issues,

Unknown Speaker 17:45
the issues could be that there may be a lot of trees surrounding the home that is putting a lot of shade on areas that can block the sunlight. Okay, that could help the solar panels produce the energy, that's an issue. If in fact, the roof has challenges in terms of a damaged roof, or so forth, the type of roof that it is, could be factors. So when the site survey is done, the site surveyor is able to determine any of those areas that could be an issue that could disqualify the house from being able to go solar.

Unknown Speaker 18:23
Oh, okay. So what did they do have? What kind of roof issue?

Unknown Speaker 18:28
The again, the issue could be broken tiles, it could be damaged roof. Could be a lot of different areas?

Unknown Speaker 18:38
Well, let's say that I do have those issues with my roof. That's it, I just can't get solar or what would happen. Those

Unknown Speaker 18:44
are things that we could solve through our roofing contractor. Okay, good, solid, you

Unknown Speaker 18:51
can assist them, you're getting those things repaired? Absolutely. And move forward with their sole absolute. So it's not a hard stop. Absolutely. Oh, that's awesome. So you guys don't just drop their hand and walk away? Sorry.

Unknown Speaker 19:01
It's not advantageous to be able to, you know, to do that, right. And they want to go solar and something that could be sold.

Unknown Speaker 19:08
Yeah. So you assist them the company system? Yes. That's amazing. That's amazing. Another thing that I like to point out, I know that, you know, during the wintertime, I guess I produce so much power that Nevada energy sends me a bill or not a bill, I'm sorry. They actually give me credit for the summer. Like if I need some extra power. I actually get credit because I gave more than I used basically. So that's something I'd like you to kind of touch on as well. Yes,

Unknown Speaker 19:39
it's based on net metering, net metering. It's an electrical billing tool that uses the electric grid to store excess energy produced by your solar panel system and the energy produced by solar panels panels rather that you don't use is credited back to you. Nice. Okay. That's how that ends up being. Now, when this happens, you receive a credit on your energy bill for every kilowatt hour, or electricity that you give back, okay,

Unknown Speaker 20:18
so I know some people were thinking, Well, wait a minute, why are you still Why is Nevada power still a part of this conversation? Because you know, during the summer, I do have, because I guess I use so much during the summer for my power my solar panels that I will get like a $20. Bill from Nevada power. Typically, it's $20. My house is like 2300 square feet is 20 bucks. You know what I mean? My power, my solar power takes care of everything else, but I think I just use so much during the summer. Yeah, so that credit from the winter takes care of that for me. So that's something that I also want to pat, you still have an account with Nevada power, but the majority of your power is coming from your solar, right?

Unknown Speaker 21:03
Yes, you. It's, I don't understand it myself. But you still have a grid. A grid bill, that would be the 15 to 13 to $25 a month, whatever it might be. For some reason, the energy company is still connected to your home, right? Even though you have solar, and that's the grid payment. So Well,

Unknown Speaker 21:27
I'll say this, I will put my business out there. My, my my listeners know, I'm an open book, my power bill every month with my solar company is $112 as where I was paying 250 On average before, so I'm saving a ton of money. Okay. And I'm putting that towards my children's college education. So I'm just saying I'm not, you know, I do not regret going solar at all, not one bit. And another thing is, we had a big power outage, my whole block, the power went out. But guess whose power didn't go out. My neighbors were coming over to me putting stuff in my refrigerator because of my solar panels was still, you know, producing power and we couldn't figure it out. And then we realized, wait a minute, we're the only house that has power. Because we were you know, we have solar. So all my, my neighbors were coming over bringing me their, you know, their their meat and stuff, Monique, we put it in my freezer in their freezer, and your frigerator. And I was able to help them because I had solar. So there's just so many benefits. And once again, if you're just tuning in, we're going over all things solar, okay. This is the way this is the future. You know what I mean? And it's here in Nevada, and we're speaking with Mr. Bernard Lowe. He's with power solar. And he is running a special right now his company has a special I said, Hey, whenever I can save my listeners a couple dollars, I have you come on. So if you would like to have a consultation with Bernard, once again, you can reach out 70298437007029843700 Bernard Lowe would love to come over, sit down, chat with you about your property and see if solar makes sense for you and your family. All right. Well, Bernard, I want to thank you so much for coming on to the show. Is there anything you want to leave with? Leave out with? Oh, yes.

Unknown Speaker 23:22
I'm absolutely delighted to be able to come out and help you very best I can. If it makes sense. We move forward if I don't know No hard feelings to you.

Unknown Speaker 23:32
And it's free of charge. Right? And it's absolutely free of charge free consultation. You guys. There's like, why not? Why not have him come out? Take a look at your sis you know your system or your situation your home and see if he can save you some money. Because I don't know about you guys, but I need every penny. All right. All right, Bernard, thank you so much for coming out. We really appreciate you on the show. We'll have to have you back again. And thanks for saving my que UMB listeners some money. Thank you. Thank you. Thank you. Okay, guys, so we're gonna go ahead for the last couple minutes of the show. I'm going to just fill you guys in on some properties that I found for my clients. And listen, they're there, they're kind of hard to find. So I kind of want to let you guys know if you've been looking for something where maybe you're gonna move in with your family, you guys are gonna buy together or maybe you have a loved one that's living with you currently you'd like for them to have their own space. I don't know if you guys have heard about these what are called multigene properties. They are very sought after. Okay, now what they are if you're not aware of what a multigene is, basically it's almost like having a Casita, but the casita is seamlessly attached to the home or you could think of it as a one bedroom apartment attached to the main house. All right, they've been around for years now and listen, they sell out quickly. I'm showing a couple over in the northwest area. You're brand spanking new. And the biggest one is around 4482 square feet. Six bedrooms with a, a loft, three car garage, the average lot is around 8000 square feet. Okay, guys, and you're getting that for under 620. You heard me right. And what I love about this particular builder, they give you like, what you see is what you get. So when I walk you through the models, I don't have to go Oh, and you're not gonna get this and oh, that's an option or this that. And you know what I mean? Pretty much what you see is what you get when we're walking through the model. Okay, because a lot of builders, they'll, you know, they'll tell you, Oh, starting price is 600,000. Well, guess what, by the time you get the, you know, the house to look halfway like the model, you know that that price just went up to 750 800,000. Easy, right? I went I showed a property the other day, the model, with all the upgrades was at sitting at about 1.5 million, they said, you know, that's how much the model cost. So of course, my client fell in love with it, we get in there and she's getting her, you know, she's doing her options. And I mean, Coach lights, you have to pay for the pocket doors that slide all the way into the wall, which are, you know, awesome. We all love those. Right? But that that it by itself was almost $20,000 Extra, the pavers, you know, in the backyard, the patio cover that that's another 30 grand, or some 20 or 30 if the whole length of the house, it was like 30. But yes, so you have to realize you have to pay for the lot that the home is sitting on. You know, if you get a corner lot that who knows what that could cost, her lot cost 30 grand. So always remember, those are starting prices that you see online when it comes to brand new home builders, typically. But this particular builder, that is not the case, there's a couple builders that are like this, that they actually give you the final price and the price is the price and that includes the lot it includes it includes, you know, the fixtures or whatever the flooring, you know, so just keep that in mind. But anyways multigene is a one bedroom apartment. A lot of people are doing this right now they're moving in with each other right to save some money. So they're they're calling me asking me for the multi gins because they're not easy to find. So I'm letting you know I do know where a lot of multigene properties are. If that interests you 702-984-3700 If you're interested in purchasing a home that has a one bedroom apartment connected to it, whether you want to buy it for your family member to live in and have their own thermostat, so they don't freeze you out. Or if you want to buy it and rent it out so it can help you pay your mortgage. Right that's something else people are doing. You know, we all know that one bedroom apartments right now are going easily for 1300 to you know 1500 So that's a you know, substantial amount, you know, or more depending on the area. So just letting you know that there are some multigene properties out there. The one that I took my client to the other day was 4482 square feet they've got those and guess what they have quick move ins you guys so you can be moved in as soon as August or September. So they have this builder has quick move ins for the multigene they have a smaller version at 3825 square feet. That one is a five bedroom three car garage. And that one's going for just over 600,000 So like I said the lot sizes typically are about 8000 square feet. So this is you know, this is you know, hard to find. But guess what Monique has found it so if you're just moving here from another you know city, I would love to assist you. Welcome to Las Vegas My name is Monique Buchanan you can check me out on IG at realtor Monique Buchanan or you can check out my YouTube channel welcome home with Monique my previous shows are on there. You can also hear my previous shows on Spotify pot you know any any of the podcast platforms you pretty much can hear Welcome home with Monique. I am right there ready to assist you guys. Alright guys, if you're doing a little shopping today, why not go support one of our fellow K u and v listeners and I just wanted to escrow with him on his home as well. So I'm gonna give him a shot out that's Charlie over at Bob's Discount Furniture tomorrow after church. If you want to check out an estate sale. There will be one going on until 2pm and that is at at 825 Dusty Valley. Again, a huge estate sale at 825 a dusty Valley that's also a fellow que UMB listener. All right guys, this is Monique Buchanan. I hope this information helped you and until you call in till we do business Alright, have a blessed weekend. Thank you for listening. Please remember all terms discussed are simply an estimate my license number is S 1788 46. My phone number if you'd like to contact me is 702-984-3700. You can also find me on YouTube and please join me tomorrow at my church Living Word Church on hassle. I'm part of the EXP Realty Group. Alright, tune in next week.

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