How to go from renter to owner on Long Beach Island?Located on the North End in Harvey Cedars, this three - bedroom, two bath duplex shares ownership with other members of a homeowner
Solar Panels Can Potentially Kill A Home Sale
So you finally decided to invest in Solar Energy for your home. The company offers you a no money up front lease for 20-25 years. It is a very viable option to save you from paying $20,000 plus up front for the solar equipment, BUT....it can also potentially make it a little more difficult to sell your home.
When you purchase the equipment up front, although it is a very large expense, when you decide to sell, the transfer of the solar system goes with the home free and clear. When you lease the system, the buyers need to be approved for the lease with the solar company and the buyer has to be willing to accept the terms of the lease. If the buyer decides they are not interested in taking over or buying out the lease, which in a lot of cases the buyer is not going to want to come up with that money, the seller would be responsible.
The moral of the story is....READ THE CONTRACT...and know what your options are when you decide to go with solar. It will makes things much easier on you and the incoming buyer!