How To Lease Solar Panels For Your Home

The main practical distinction between buying and leasing a solar pv system is in ownership.

How to lease solar panels for your home.

Hire a top real estate agent to sell the benefits of solar. 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. 17 2015 says that potential buyers may be frightened by an existing solar lease on a home. If you purchase your solar panel system you can add anywhere from 15 000 to 23 000 to your home s value.

This reduces up front costs and puts professionals on the job who understand how to maximize your solar power system. With a home solar lease your system is rented from a professional solar provider. The washington post article why leasing solar panels may not be a good idea if you re planning a home sale nov. Estimates vary but experts agree that when you own your solar panel system you actually increase your home s value.

Home sales if you leased your solar energy system many homeowners considering a solar lease express concern about reductions in home value. Whether you choose to buy out or transfer your solar panels. Educate prospective buyers on. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company.

A solar lease provider will also handle paperwork permits and installation based on your particular home and energy needs. Some companies also offer power purchase agreements or ppas. When selling a home with leased solar panels you must either. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.

Power purchase agreements ppas work much like solar leases but instead of renting the system you agree to pay a set price. 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. Leasing solar panels can actually be a liability if you try to sell your home.