How To Lease Solar Panels For Your Home

Estimates vary but experts agree that when you own your solar panel system you actually increase your home s value.

How to lease solar panels for your home.

Follow this game plan decide whether to transfer or buy out your solar lease. In a lease you pay to rent the solar power system typically for about 20 percent less than you were paying for electricity explained freedom forever solar ceo brett bouchy. Power purchase agreements ppas work much like solar leases but instead of renting the system you agree to pay a set price. Some companies also offer power purchase agreements or ppas.

Hire a top real estate agent to sell the benefits of solar. The washington post article why leasing solar panels may not be a good idea if you re planning a home sale nov. The main practical distinction between buying and leasing a solar pv system is in ownership. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan.

Leasing solar panels can actually be a liability if you try to sell your home. Home sales if you leased your solar energy system many homeowners considering a solar lease express concern about reductions in home value. With a home solar lease your system is rented from a professional solar provider. They worry about potential buyers being unwilling or unable to take over the lease and the potential costs that they would incur if they had to buy out their lease.

This reduces up front costs and puts professionals on the job who understand how to maximize your solar power system. A solar lease provider will also handle paperwork permits and installation based on your particular home and energy needs. They have to meet onerous credit requirements and make payments on the remainder of the lease term often 10 20 years. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.

A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. When selling a home with leased solar panels you must either. 17 2015 says that potential buyers may be frightened by an existing solar lease on a home.