Selling My House With Leased Solar Panels

Homeowners with leased solar panels who are trying to sell only have two options.

Selling my house with leased solar panels.

Fiona baker is similarly trapped after agreeing to leased solar panels in 2010. Pay the rest of the lease. When selling a home with leased solar panels you must either. Let them convey with the home or remove them and take them with you.

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. 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. In fact selling a house with leased solar panels may drive down the sales price. I am retired with ms and myotonic dystrophy and need to sell my house but the buyer won t go ahead unless i have.

Transfer the lease to the new homeowner. In 2014 72 of solar users leased their panels but that shifted in late 2016 to just 47. If you do lease your panels you ll need to do one of the following. Transfer the lease to the new property owner.

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. When you re selling a home with a leased solar panel system on the roof there are options outside of canceling the leasing arrangement. Buy your lease out. A variation is to have you make lease payments directly to the solar company.

If you bought the panels outright you don t have a problem. Follow this game plan decide whether to transfer or buy out your solar lease. If the new owner is willing to take over the lease and meets the. Buying out the remainder of your lease allows you to own your solar energy system before you.

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. This option allows you to transfer the lease agreement to. Educate prospective buyers on.

Whether you choose to buy out or transfer your solar panels. 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. Selling your house with a solar lease or ppa buy out the remainder of the lease.