Buying 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.

Buying a house with leased solar panels.

Some solar panel leases have escalating payments. The homeowner then leased the panels to the power company usually for a 25 year term. Obtaining mortgage loans with leased solar panels can be a bit more complicated. Homeowners with leased solar panels who are trying to sell only have two options.

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. 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. Buying a house with solar panels might be worth it choosing whether to buy a house with solar depends on the financing and if a lease or ppa is involved whether the agreement and installation fit your life.

Additionally solar leases can have escalating payments posing an ongoing liability. Buying a house with leased solar panels is 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. Solar leases are typically for a 20 year term and can be costly to buy out.