Selling a Home With Solar — What You Need to Know
Home Sale Issues
SELLING A HOME WITH SOLAR
SOLAR AGREEMENTS CAN COMPLICATE YOUR SALE
If you're trying to sell your home and you have a solar agreement, you may encounter complications you weren't expecting. Understanding how your solar contract, loan, or lease affects your ability to sell is an important part of planning your sale.
COMMON CHALLENGES WHEN SELLING WITH SOLAR
BUYER FINANCING COMPLICATIONS
Many mortgage lenders have specific requirements regarding solar agreements. A buyer's lender may require that the solar loan be paid off, the lease be assumed, or other conditions be met before approving the mortgage.
LEASE AND PPA ASSUMPTIONS
If you have a solar lease or PPA, the buyer may need to assume the agreement. Not all buyers are willing to do this, which can limit your pool of potential buyers.
UCC FILINGS AND TITLE ISSUES
UCC filings associated with your solar system may appear in title searches and need to be addressed before closing. This can add complexity and cost to the sale.
DISCLOSURE REQUIREMENTS
You may be required to disclose the solar agreement to potential buyers. Understanding exactly what you need to disclose and how the agreement affects the sale is important.
IMPACT ON HOME VALUE
Solar agreements can affect how buyers perceive the value of your home. Some buyers see solar as a benefit; others see the associated obligations as a liability.
PAYOFF COMPLICATIONS
If you need to pay off your solar loan at closing, the payoff amount may be higher than expected — particularly if dealer fees were added to the loan balance.
HOW A REVIEW CAN HELP
If you're planning to sell your home and have concerns about how your solar agreement will affect the sale, a review can help you understand your situation before you list.
We review your solar contract, financing agreement, and any property filings to help you understand what obligations exist and what options may be available.
Understanding your situation early gives you more time to explore your options and plan accordingly.
What We May Review
Every situation is different. Results are not guaranteed. The information on this page is for general informational purposes only and does not constitute legal advice.
GET YOUR FREE SOLAR CONTRACT REVIEW
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YOU DON'T HAVE TO FIGURE THIS OUT ALONE.
Find out what options may be available for your solar agreement.