Buying A House With Leased Solar Panels

The homeowner then leased the panels to the power company usually for a 25 year term.

Buying a house with leased solar panels.

Solar leases are typically for a 20 year term and can be costly to buy out. Homeowners with leased solar panels who are trying to sell only have two options. Some solar panel leases have escalating payments. Additionally solar leases can have escalating payments posing an ongoing liability.

Buying a house with solar panels in a lease ppa if the house you are interested in has a leased solar energy system it means that the current homeowner sends a monthly payment to the company that installed the panels. 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. Obtaining mortgage loans with leased solar panels can be a bit more complicated. If the home has leased solar panels buyers need to find out the lease agreement details including monthly fees and the contract term.

Buying a house with leased solar panels is more complicated. 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. In fact selling a house with leased solar panels may drive down the sales price. Be sure to read over all the agreement details and ask as many questions as you can.