Leasing Solar Panels Selling House

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.

Leasing solar panels selling house.

Whether you choose to buy out or transfer your solar panels. In 2014 72 of solar users leased their panels but that shifted in late 2016 to just 47. Hire a top real estate agent to sell the benefits of solar. When you own your solar energy system outright you ll likely get more money for your home potential home buyers are willing to pay more for owned systems than leased systems and enjoy a more straightforward sales process.

While leasing a solar panel system may seem like a great idea it can create an awkward situation when you decide to sell your home. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. According to one large solar leasing company. A variation is to have you make lease payments directly to the solar company.

If you sell your home before the end of the lease you can transfer the lease to the new owners if they qualify with excellent credit or you can prepay the lease and add it to your home asking price qualifying means a 700 or higher fico score. All three options work until you go to sell the house. Let them convey with the home or remove them and take them with you. If the new owner is willing to take over the lease and meets the.

But in reality selling a house with leased solar panels adds an extra layer of complexity. Follow this game plan decide whether to transfer or buy out your solar lease. Breaking your lease with a solar panel company will usually result in you being charged the full bill for the 15 years of usage the homeowner agreed to. Transfer the lease to the new property owner.

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. Selling a house with owned solar panels is more straightforward than selling a home with leased panels. One homeowner with leased solar panels reported that he had to lower the selling price of his home three times to get buyers interested. It may make selling your home more difficult.

Problems with leasing solar panels. Potential buyers were scared of the solar lease said his real estate agent. If you bought the panels outright you don t have a problem. Selling your house with a solar lease or ppa buy out the remainder of the lease.

If you do lease your panels you ll need to do one of the following. Some solar leasing companies may offer to relocate their systems from one house to another. By paying the rest of your lease you can either have the panels removed from your. Educate prospective buyers on.

That could cost 500 for an initial audit and another 500 to transfer the panels if the leasing company.