A Solar Lease Can Complicate Home Sales in Portland, OR

Consider The Complications First

Whether you lease solar panels or own them, there is a trade-off to consider. Both will simplify something that the other will not.

Solar ownership simplifies home sales in the future and has been shown to add value to your home. There is no third party to consider when a home sale is made and any tax credits will continue to pass forward to you as the original owner, if necessary.

The solar panels’ 25-year warranty will simply transfer to the new owner automatically. Solar Ownership makes the sale of your home very easy.

 

A Solar Lease Can Complicate Home Sales

If you decide to sell your home during the leasing period, it will add another party to the already complex home-sale process.

Your home buyer will have to qualify separately to the Leasing Company on credit.  If they qualify, then your lease can transfer to the new owner under the terms set by the company.

If the home buyer does not qualify to the leasing company, then you will need to buy out the lease on the new owner’s behalf.  Once you have done so, the full ownership of the array can transfer with the home.

 

A Solar Lease Can Complicate Home Sales

If you decide to sell your home during the leasing period, it will add another party to the already complex home-sale process.

Your home buyer will have to qualify separately to the Leasing Company on credit.  If they qualify, then your lease can transfer to the new owner under the terms set by the company.

If the home buyer does not qualify to the leasing company, then you will need to buy out the lease on the new owner’s behalf.  Once you have done so, the full ownership of the array can transfer with the home.

 

A Question Of Preference

In the end, there is no “wrong” place to prefer simplicity in your solar investment. In either situation, the trade off is generally small because the complexities involved should be relatively minor.

However, choose your leasing company carefully, and be sure to check into their past performance with real customers, just like you would if you were purchasing a solar installation. Also, ensure you fully understand the terms of your lease before your sign

Otherwise, according to this article from CaliforniaWatchdog.org, you could end up in a “Solar Horror Story” like Half Moon Bay resident, Jeff Leeds did.