Solar Panels – Purchase or Lease
Leased Solar Panels – What Happens When You Decide to Sell Your Home
Decide to Sell Your Home
More companies are offering home owners a contract to lease solar panels where they pay no upfront costs for the installation. This is a great way to get those solar panels, but
what happens when you go to sell your home? This is a cost that is passed on to the new buyer.
While studies show that the addition of solar panels can boost a home’s value and save on energy costs, potential buyers may not want to take on those lease payment
contracts. What happens if a buyer refuses to purchase? The seller may have to buy out the lease contract to accomplish a sale.
Bottom Line – keep in mind the end result and factor in that you as the Seller may have to fork up the money in order to get your home sold.
Filed under: General RE Tips
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