How To Remove Leased Solar Panels

If you are getting rid of leased solar panels.

How to remove leased solar panels.

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. 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. Buy out the remainder of the lease. There are two strategies to sell a home that has a leased solar energy system attached.

A very expensive fix fiona baker is similarly trapped after agreeing to leased solar. For instance if the buy out offer is 6 000 and the solar. Leasing solar panels can actually be a liability if you try to sell your home. Estimates vary but experts agree that when you own your solar panel system you actually increase your home s value.

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

We are therefore arranging to remove the solar panels ourselves and will put them back when completed. If you purchase your solar panel system you can add anywhere from 15 000 to 23 000 to your home s value. 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.