Selling A Home With Leased Solar Panels

But in reality selling a house with leased solar panels adds an extra layer of complexity.

Selling a home with leased solar panels.

Solar panels can make a home more attractive to a particular set of buyers and help get an offer sooner and perhaps at a higher percentage of the list price says dan hamilton a top selling agent in palm desert california. Solar companies who focus on lease options like solar city and sunrun claim that they make it easy to transfer lease payments when selling a house with leased solar panels. Solar leases can last between ten and twenty years and it can be expensive to buy out the system or roll the lease into the house purchase. Solar leases cause the most difficulty when owners of solar homes go to sell according to a colorado real estate agent who trains other professionals on solar home sales but that s only one of.

But typically the solar systems don t add a material amount of monetary value to the home. Buying a house with leased solar panels is more complicated. When selling a home with leased solar panels you must either transfer the lease to your home buyers or purchase the panels from the solar company to conclude the lease early. Buying a home with leased solar panels.

They worry about potential buyers being unwilling or unable to take over the lease and the potential costs that they would incur if they had to buy out their lease. Even if the panels were acquired with a solar loan the seller would be responsible for paying off the loan.