Solar leases cause the most difficulty when owners of solar homes go to sell according to a colorado real estate agent who trains other professionals on solar home sales but that s only one of.
Potential problems selling a house with a solar panel.
One piece of good news for home sellers with solar panels is that the residential solar market is holding strong.
While selling a house with solar panels is by no means impossible you ll have to work with the agency buyers to ensure the sale is transparent and there is no lack of information.
You might need to buy out the lease first.
If you ve had difficulties already.
Despite the section 201 solar tariffs that put pressure on the solar market as a whole nearly 315 000 americans added solar power to their house in 2018 representing annual growth of 8 for the residential sector.
Here are some things to be aware of.
One homeowner with leased solar panels reported that he had to lower the selling price of his home three times to get buyers interested.
One surprising cause of damage to solar panel systems are squirrels who like to get underneath and chew on wires.
This is a failure of the panel and needs to be replaced.
Potential problems selling a house with solar panels while it s likely that solar panels will be an asset to your home s sale it s also possible that you ll run into some complications specifically with leased solar panels.
And there may be delays as you re waiting for the solar panel company to sign everything off for your prospective buyer.
And if your panels are still covered by a service agreement let the potential buyers know that any problems will be covered until the agreement expires.
As a result if electric bills can be reduced so much the cost benefit ratio of solar panels starts to become more questionable.
Check underneath the panels for wire damage.
But in reality selling a house with leased solar panels adds an extra layer of complexity.
There can be real legal jeopardy and significant dollar liability for those failing to address the issues associated with solar panels.
Assure them that because solar panels have no moving parts maintenance is virtually nonexistent.
Selling a house with solar panels is not for the faint of heart.
Potential buyers were scared of the solar lease said his real estate agent.
