Matt Vaughn, president of American Solar Company, made an informative presentation to Keller Williams North County at their February 3 meeting. Matt offers a free consultation service to realtors and sellers of properties with solar systems with a pre-existing contract.
While the presence of a solar system can add thousands of dollars of value to a property, understanding the particulars of a contract associated with the system can add difficulty to a sale.
One of 2 types of contracts may exist: a PPA (Power Purchase Agreement) in which a system has usually been installed at no cost to the property owner who then pays the provider for the power generated; or a Solar Lease which has the added complication of being considered debt to a potential buyer.
Matt will review any existing contract and make recommendations for the best course of action in transferring the agreement. He can be reached at firstname.lastname@example.org.