Selling My House With Leased Solar Panels

If you do lease your panels you ll need to do one of the following.

Selling my house with leased solar panels.

Educate prospective buyers on. Selling your house with a solar lease or ppa buy out the remainder of the lease. It is common that residential solar panel leases provide language similar to if you sell your home you can transfer this lease and the monthly payments. Follow this game plan decide whether to transfer or buy out your solar lease.

Pay the rest of the lease. They can either buy out the remaining lease payments themselves or they can attempt to find a buyer who is willing to take over those solar lease payments. By paying the rest of your lease you can either have the panels removed from your. In fact selling a house with leased solar panels may drive down the sales price.

You may be able to transfer the lease to the new homeowner buy out the remainder of the lease and have the system removed or purchase the solar panel system at market value and leave it on your roof. Obviously this creates issues when selling a house with solar panels on the roof that belong to someone else. I am retired with ms and myotonic dystrophy and need to sell my house but the buyer won t go ahead unless i have. Generally you have two options when selling a home with leased solar panels.

Owning your panels makes it a lot easier to sell the house because you don t have to worry about any liens against the property. When selling a home with leased solar panels you must either. Buy your lease out. 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.

Whether you choose to buy out or transfer your solar panels. Buying out the remainder of your lease allows you to own your solar energy system before you sell your home. If the new owner is willing to take over the lease and meets the. In 2014 72 of solar users leased their panels but that shifted in late 2016 to just 47.

When you re selling a home with a leased solar panel system on the roof there are options outside of canceling the leasing arrangement. Homeowners with leased solar panels who are trying to sell only have two options. Hire a top real estate agent to sell the benefits of solar. Selling a house with leased solar panels if you ve leased a solar system from your local solar installer selling your home may be a bit more difficult than if you owned panels.

In addition to the fact that many would be buyers are unfamiliar with the process of taking over a solar lease you may have to buy yourself out of the solar contract if you re unable to find someone to take it over.