If you are a real estate agent, you know that buying or selling a property with a pre-existing solar contract can be difficult. We help you understand the contracts involved with both a PPA (Power Purchase Agreement) and a Solar Lease, and how they affect your success in buying or selling.
A Solar Lease is similar to a PPA in that the provider will usually install the system at no cost to the consumer and maintain it for the length of the contract. The main difference is that instead of paying for the power that is generated, there is a fixed monthly rate. Solar Leases are less likely to offer an option to buy the system. These can be difficult to transfer to a buyer, because under federal guidelines a solar lease is considered debt to the potential buyer and may have an affect on how much of a loan they qualify for. A good credit score is critical in order to qualify to take over the lease.
How we help you:
If you are representing the buyer or seller of a property with one of these agreements, you may submit the contract to us for review. We will then sit down with either you (the agent) or the property owner and discuss what options are available so they are able to determine the best course of action.
Power Purchase Agreement – Upfront:
Even with potential contract difficulties, solar power systems continue to add thousands of dollars in value to homes,. Numerous studies showing that these properties regularly sell for more than they would without the solar power system.
For a FREE consultation to discuss these issues, contact us today!
In most cases it can be transferred to the new homeowner. Every contract is different, so if you have any questions in regards to this please reach out and we would be more than happy to help with this
A PPA, Power Purchase Agreement, is a way to finance a solar project. The system is owned and maintained by a third party. The homeowner pays for the power as it is produced, so the payment will change every month. Solar is always a plus on a home; however, it can make a sale a little more difficult. If you are having any issues with this please give us a call and we will be happy to help with the process
Similar to a PPA a Solar Lease is a way to finance a solar project. The system is owned and maintained by a third party. The homeowner pays for an estimated amount of power over a 12-month period. This keeps the payment the same every month. Solar is always a plus on a home; however, it can make a sale a little more difficult. If you are having any issues with this please give us a call and we will be happy to help with the process.
Solar is the future of energy, and we offer protection against the ever-adjusting energy rates.
Solar gives you the freedom to plan your financial future, knowing that you will always have a source of energy.
We understand that well-funded nonprofits stimulate a healthy community. We give 5% of our total revenue back to a local charity of our customer’s choice.