How to Sell Your Home Subject to a Solar Agreement

The solar industry is booming. As of 2019, there were more than 2 million residential solar installations in the U.S., and that number is projected to double by 2023.

One way builders and homeowners are looking to install solar systems is through a lease or power purchase agreement (PPA) (i.e., a “solar agreement”) with a third-party solar provider. But solar agreements are known to create unique challenges when selling a home.

If you own a home with a solar agreement, your Realtor may be able to help you navigate potential complications with the sale.

SOME ISSUES THAT SELLERS MAY EXPERIENCE INCLUDE:

• Buyers shying away from a house because of the solar agreement (due to things like term, payment, maintenance considerations, technology obsolescence and more)
• Buyers who may not meet the solar company’s qualifications
• Potential issues involving the proper transfer of the solar agreement

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