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Real Estate
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]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] OP, what are the clauses on getting it fixed in case something goes wrong? If the solar company goes out of business and it is sold to a new company then you are SOL. Also, discuss how high your insurance rates would be with this. [/quote] I don't know how much your insurance rate changes between a solar lease or owning the equipment. My homeowners insurance went up a whopping $25 for the year when I added an 8 MW system (owned).[/quote]
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