Items to Consider About Solar


Items to Consider About Solar?

Adding solar to your home

Or if you are purchasing a home with solar already installed.

 

ü What company originally sold the system?

ü Is the company who sold the system still in business?

ü Do you have the contact information for the current solar company that payments are made to?

ü Is the solar system financed, leased, or paid in full?

ü If leased or financed, is the lease or financing assumable, or is there a buyout option available?

ü Was a PACE or HERO program used to get the solar system?

ü Do you have a copy of the lease agreement or purchase contract?

ü How much is the monthly payment and for how many more years?

ü What is the payoff?

ü Is there a pre-payment penalty?

ü When was the system installed?

ü How much additional do you pay the Electric Company for connection and any additional usage?

ü Does the system service the entire house or just a specific area like the pool?

ü Does the system lower the electric bill or eliminate it entirely?

ü Who gets or got the tax credit, rebate or utility credit, the homeowner, or the solar company?

ü What is the total number of panels?

ü How many Kw is the Solar system?

ü What is the warranty on the system, and does it cover the roof? Is it transferable?

ü  If the system can’t be transferred to a new buyer, is the seller willing to pay off or buy out the contract through escrow?

 

If you are thinking of getting Solar for your home, remember that a buyer will be stuck with your choice whether good or bad and it could affect the sale either in a good way or a bad way.