How To Remove Leased Solar Panels

By paying the rest of your lease you can either have the panels removed from your roof or keep them there and sell the system as part of the property.

How to remove leased solar panels.

Leasing companies want to maximize their profit so there s a chance you could wind up with more panels than you want and that they could be installed in highly visible places such as facing the street they warn. There are two strategies to sell a home that has a leased solar energy system attached. For instance if you installed panels on your home as part of a solar lease or other agreement you could be charged fees for removing the panels before your contract has ended. Leasing solar panels can actually be a liability if you try to sell your home.

For instance a homeowner in portsmouth uk found himself facing a nearly 16 000 charge for removing his panels a year into his contract. If you are attempting to remove your solar panels before the lease ends then you will probably be in for a world of hurt when trying to get out of your contract. To decide if buying out the panels is a practical option for you compare the purchase offer to the estimated value owned solar panels add to homes in your market. Estimates vary but experts agree that when you own your solar panel system you actually increase your home s value.

This one is tricky. Buy out the remainder of the lease. When you own the solar panels you remove the solar lease from the home sale equation and boost your home s market value. Solar leases are complicated by the fact that there is often a long 20 year lease involved with the contract.

Also if you have to sell your home a solar lease can scare prospective buyers. If you are getting rid of leased solar panels. For instance if the buy out offer is 6 000 and the solar.