An ongoing issue in home sales is the evaluation of solar panels. Systems can be owned or leased. When a system is leased, the homeowner doesn’t own the system. Leased items typically don’t add much value, and in some cases can be legitimately excluded from appraisals. Leasing also creates a liability (the payments) which can negatively affect the affordability of the home and the ability of the buyer to qualify for a loan – which has meant that some home owners have had to buy out the lease (which can cost up to $30,000) to sell their home. So up to now appraisers have generally been unable to attribute any significant value to a leased solar home that offsets the liability created by the lease. Owned systems are different, and will be discussed in Part 2.
How Much is Solar Worth? Part 1.
by firstname.lastname@example.org | Oct 12, 2016 | Home Buying, Selling Your Home | 0 comments