Problems With Leasing Solar Panels

If you re not buying your solar panels with cash the manufacturer may place a lien or uniform commercial code filing on your property to make sure you keep paying for them.

Problems with leasing solar panels.

2 no net metering credits on utility bills. When you install a grid tied solar energy system you can sell any excess. Most if not all solar leases will state that the company will remove the facilities and restore the land at the end of the lease. A variation is to have you make lease payments directly to the solar company.

Unfortunately when you go to refinance or sell the property it s generally trouble to have any kind of lien on your home. Solar panels racking materials wiring inverters fencing and ballast blocks if used are some of the items that will need to be removed at the end of the lease term so the property is returned to its pre lease conditions. If you purchase solar panels in 2018 or. If you bought the panels outright you don t have a problem.

Perhaps the biggest issue with solar leases is what happens at the end of the lease. Most lenders will agree a loan on a property with leased solar panels provided the contract meets certain conditions one of them being that the installing company be accredited the installation. All three options work until you go to sell the house. 3 there are no.