Selling A House With Rent A Roof Solar Panels

Buy out the remainder of the lease.

Selling a house with rent a roof solar panels.

Follow these steps to transfer your solar lease to the new buyer. If the new owner is willing to take over the lease and meets the third party owner s criteria you can transfer the agreement over to their name. Selling a house with leased solar panels if you ve leased a solar system from your local solar installer selling your home may be a bit more difficult than if you owned panels. The cost would have been a prohibitive 12 000 so she signed a deal to lease part of her roof to a solar power.

Connect your agent to your solar service transfer specialist. J ulie griffiths wanted to reduce her carbon footprint by installing solar panels. Most companies will connect you with a service transfer specialist who will provide you with information on transferring the lease. However should the previous owner have signed up to a rent a roof scheme or not have had the installation carried out by an mcs certified or equivalent installer then you should err on the side of caution we d advise getting some legal advice.

You are however tied in to a lengthy 25 year contract to house the panels on your roof and the householder has to agree to keep them for the full term. Transfer the lease to the new property owner. It s important to bear in mind that if you come to sell your home the panels are passed on to the new owner which could be off putting for potential buyers. If you re in a position to do so buying out the remainder of your lease prior to the sale of your home is the most straightforward way to handle the situation if you ve got a set of rented panels on your roof.

If you do lease your panels you ll need to do one of the following. Notify your solar company that you are selling your home. In addition to the fact that many would be buyers are unfamiliar with the process of taking over a solar lease you may have to buy yourself out of the solar contract if you re unable to find someone to take it over. The best time to sell a house with solar panels is usually between 8 to 15 years assuming that you have received feed in tariffs fit or benefited from free electricity over the years if you had signed up to a lease agreement.

Older models of solar pv panels are less energy efficient and also produce less energy than newer models.