BE AWARE – Leased solar panels can complicate a home sale.

Can going green by leasing solar panels for your roof cost you money when you go to sell the house? You assume that the presence of solar panels can only be a marketing plus, maybe even get you a higher price. Some would-be buyers balk when they learn that they’ll need to qualify on credit to take over your solar lease payments for the next 15 to 17 years. Others say they like the house but won’t sign a contract unless you buy out the remaining lease payment stream because they’re worried that the solar equipment will become obsolete or won’t save as much on electricity bills as advertised. Issues like these are popping up increasingly in California and other states and are interfering in sales and closings, according to real estate industry experts. Read more.
For more information, contact Regina Singh at 714-8853-5205

Advertisements