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Buying a home with solar panels

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SHOPAHOLIC
LIF Adult

Member since 1/07

1712 total posts

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Buying a home with solar panels

If you are purchasing a home that has leased solar panels how does that work? Do you just take over the lease? Sorry for the silly question.

Posted 10/10/14 11:35 AM
 
Prudential Douglas Elliman Real Estate
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LSP2005
Bunny kisses are so cute!

Member since 5/05

19458 total posts

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L

Re: Buying a home with solar panels

I would check the solar panel contract for an assumption clause. Have your attorney ask the sellers attorney for a copy of the solar panel contract to see what it says in the event of a home sale.

Posted 10/10/14 12:25 PM
 

SHOPAHOLIC
LIF Adult

Member since 1/07

1712 total posts

Name:

Re: Buying a home with solar panels

Posted by LSP2005

I would check the solar panel contract for an assumption clause. Have your attorney ask the sellers attorney for a copy of the solar panel contract to see what it says in the event of a home sale.[/QUOTE

Thank you!

Posted 10/10/14 12:57 PM
 

Jenn79
One more?

Member since 2/12

2410 total posts

Name:

Re: Buying a home with solar panels

We almost put the leased solar panels on. It was going to be in our contract that if we sold we could transfer the lease to the buyers. Or they told us we could add on however much we owed to the cost of the house and pay them off when we sold.

Posted 10/10/14 10:40 PM
 
 

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