19th, Wednesday April, 2023
Is a Solar lease good or bad when it comes time to sell a home?
A solar lease can be a good option for home sellers who want to sell their home and transfer the lease to the buyer, but it depends on various factors.
A solar lease allows homeowners to install solar panels on their home without having to pay the upfront cost of installation. Instead, the homeowner agrees to lease the panels from a solar company for a fixed period, usually 20 to 25 years, and pays a monthly lease payment in exchange for the use of the panels and the energy they produce.
When it comes to selling the home, the seller can transfer the lease to the buyer, who would take over the monthly lease payments and the benefits of the solar energy produced. This could be an attractive selling point for potential buyers who are interested in solar energy and sustainability.
Furthermore, some lenders may not finance homes with solar leases, which could limit the pool of potential buyers.
In summary, a solar lease can be a good option for home sellers trying to sell a home, but it is important to consider the potential benefits and drawbacks and to communicate clearly with potential buyers about the solar lease agreement.
Looking for your perfect real estate match? Finding your dream agent is easy with https://www.carolroyseteam.com/ . Our team consist of top Real Estate agent to help you with any of your real estate needs! Call Carol Royse at 480-776-5231 . Or feel free to share our contact information with anyone you know that needs expert help in buying or selling their home.