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.

This one is tricky. 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. If you purchase your solar panel system you can add anywhere from 15 000 to 23 000 to 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.

Solar leases are complicated by the fact that there is often a long 20 year lease involved with the contract. 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. We are therefore arranging to remove the solar panels ourselves and will put them back when completed.

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. 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. A very expensive fix fiona baker is similarly trapped after agreeing to leased solar. Leasing solar panels can actually be a liability if you try to sell your home.