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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are looking at a home that checks all the boxes, but it has a solar lease - electricity is free but we can’t sell any SERCs. Seller says it’s irrevocable and they save about $2000 in electricity a year.  I don’t see the downside other than the lost SERC income. Reg flag or good thing?[/quote]

It looks like the panels were installed under this program: https://www.solarsolutiondc.com/power-to-the-people

Basically, the PPA that exists for this house means that power purchase is set to $0.00 instead of say $0.03 (what solar solution offered for power costs under their traditional lease, when we got solar) or $0.11 (pepco's current residential rate). It's not clear to me what happens to the array and the PPA once the contract ends, but otherwise it's a good deal. In the normal lease scenario they sell the array/equip to the homeowner for $1 at contract end.

[/quote]

We have this deal with Solar Solutions. It’s a good one.

I don’t understand most of these responses. I assume you all don’t live in DC? The solar market here is great and solar leases, particularly with a known company like Solar Solutions, are really common. [/quote]

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