Reply to Would you buy a house with a solar lease?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No, let them pay it off before the sale. [/quote]

OP here. It can’t be paid off/revoked.

to clarify, they don’t pay for the lease - the solar company gets the roof and they get free electricity.

This is in DC.[/quote]

Do you have a copy of the lease?  How long is it for?  I'd be surprised if it was longer than 15 years, maybe 20.[/quote]

20 years and they are two years in. It’s with Solar Solutions which seems to be very reputable.[/quote]

We have panels we own on our DC house, I know a bit about the business.  Personally I would have no issues with it- but electricity savings of $2k/year seems pretty high, would need to be much bigger array than you see on a standard DC rowhouse.  You might save $750/year with say a 20 panel array.

Do they have docs to substantiate the electricity costs/savings?[/quote]

It’s a house, 38 panels, and yes. [/quote]

Nice- yeah I could see getting to $2k savings with 38 panels.  Sounds like a nice benefit, I'd be happy to go for it.[/quote]

I save $1600/year with 18 panels.  No tree cover at all and all South facing.  $2k in savings seems low for 38 panels, though if we had decided to put 18 panels on the North-facing side they would have been like 65% less efficient than the ones we installed which is why we opted for only the south facing panels.  It is an 8 MW system (and we own them and keep the SREC credits).

They are also on the back of the house and barely anyone notices unless you tell someone to look for them.[/quote]

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