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Rainmaker
1,697,260
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Michael J. Perry 

Jan 04, 2018 01:10 PM
Rainmaker
1,762,827
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Buyers who want to purchase a home with leased solar panels have to be qualified to take over the lease as well as their mortgage/etc. That can cause problems, yes. Especially if the seller refuses to take care of the issue.

Jan 04, 2018 12:18 PM
Rainer
300,501
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Many. Older solar panels have a shelf life. Solar requires maintenance. How to verify Seller/Owner maintained properly? The lease may or may not be assumable. Panels not included in appraisal value.  Installation quality varies GREATLY and can make a roof leak if done improperly. 

I have solar and love it but I'm handy and check the panels, batteries and storage area regularly.  

Jan 04, 2018 01:14 PM
Rainmaker
661,454
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I've heard it was a plus but when we had a listing with them we thought feedback was generally negative. It brings a lot of questions/concerns to buyer's minds & the main reason was it highlighted the fact that the owners had expensive Electric Heat. 

Jan 04, 2018 12:47 PM
Rainmaker
3,830,820
Richard Weeks
Dallas, TX
REALTOR®, Broker

No.  The are not very popular in my market.

Jan 04, 2018 12:16 PM
Ambassador
4,040,963
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Sorry, I can't help you - solar-panelled home sales are so few and far between here, Michael! The leased ones are the problem - not the ones that are purchased and convey with the home.

Jan 04, 2018 07:23 PM
Ambassador
5,163,908
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Leased panels can be a problem.

Jan 04, 2018 06:30 PM
Rainmaker
1,355,908
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

YES!!!  Dealing with a leased/liened one on a property some clients of mine are buying.  Looks like it will add over two months to the escrow to get it cleared off!  Fully purchased ones wouldn't be a problem.

Jan 04, 2018 04:48 PM
Rainmaker
1,231,318
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Not enough sun in Erie to warrant lease or purchase solar panels. Let us know what you learn, Michael J. Perry 

Jan 04, 2018 04:28 PM
Rainmaker
290,569
Allie Angeloni
Long Realty - Oro Valley, AZ

Not yet Michael J. Perry, though that could be a reality, because there are many variables in place with Solar Panels.  In our community, some lease and some purchase.  If you are financing, you will get to finance the house and the Solar Panels, so there is the 'qualifying twice' scenario.  If you are paying cash, then you just have to 'qualify once', provided you want the Solar Panels to stay.  If they are removed, is the roof damaged.  Is the contract regarding the Solar Panels transferrable.  There are variables . . .

Jan 04, 2018 02:21 PM
Rainmaker
6,308,778
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Leases or debts need to be resolved before the settlement.

Jan 04, 2018 01:52 PM
Rainer
291,587
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

Great question! I am interested in the answers. Some neighbors in our HOA are requesting approval from the board and this will be good information to pass along to consider as well. 

Jan 04, 2018 12:50 PM
Rainmaker
3,852,669
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not personally had experience with solar panels, but I do understand issues arise in the financing side.

Jan 04, 2018 12:39 PM
Rainmaker
5,570,348
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

in my area, no one wants to pay for them..... we have very few of them..... this is blizzard country!!!! we have 3 months of summer....

Jan 04, 2018 11:54 AM
Rainmaker
3,971,557
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Have not listed anything with purchased or leased solar panels yet! Probably would not purchase a property with leased panels.

Jan 04, 2018 11:50 AM
Rainmaker
931,788
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

They are slowly becoming more popular here but still few and far between so I have not been involved with them yet.

Caroline Gerardo gave a great answer.

Jan 04, 2018 10:15 PM
Ambassador
2,538,853
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   No, but I am aware of the legal consequences and the expense of buying out or paying off the lease.

Jan 04, 2018 06:34 PM
Rainmaker
2,604,216
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

As long as they are functional and installed correctly...no problems in selling

Jan 04, 2018 03:14 PM
Ambassador
2,053,937
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

No, despite living in sunny Florida, we don't seem to have to many of these. 

Jan 04, 2018 02:28 PM
Rainmaker
3,069,584
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Leased? yes - for others - not for us...yet

Jan 05, 2018 05:27 AM
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not for me, but I've read about plenty of situations where leased panels had an issue for those looking for a loan.

Jan 05, 2018 05:20 AM
Rainmaker
1,132,095
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Lease panels are given away. Have 1 new system installed by the builder under a heritage monster tree.... Effectiveness is ???

Jan 04, 2018 06:38 PM
Rainmaker
861,990
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

EXCELLENT Q. I like Caroline's answer, and would add that a qualified inspector should go over them during the buyer's inspection period.

Jan 04, 2018 04:15 PM
Rainmaker
1,508,951
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Surprisingly, we do not have many properties with solar panels in Sunny CA. The possible  issues come in each individual transactions, but nothing so far we could not find a solution to.

Jan 04, 2018 03:41 PM
Rainmaker
864,576
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Leased yes.

Purchased no. The problems here are more related to remaining life of roof than about the panels.

IN the instance of leased, the seller had to pay out the lease. And sometimes had to remove the system. The pay off, based on vendor, included loss of potential revenue. 

NO ONE raised objection based on aesthetics of the installation. Or those that did find aesthetic issues simply walked on by. 

They all loved looking over the historic utility bills.

 

Jan 04, 2018 12:08 PM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Michael J. Perry - I had one such sale of my listing and it went smoothly.

Jan 04, 2018 08:45 PM
Rainmaker
1,707,197
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Strangely enough I have never been involved with a home that has solar.

Jan 04, 2018 03:05 PM
Rainmaker
1,440,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michael J. Perry Don't see any here.

Jan 04, 2018 01:17 PM
Rainmaker
826,578
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

They have been pushing them in this area, and offering all kinds of tax incentives, but they still aren't that desirable. I've never had a problem with them whether buying or selling.

Jan 04, 2018 12:39 PM
Rainmaker
4,682,034
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Many buyers do not want the lease of solar panels, so it does impede some sales.  Sellers who have paid them off think their homes are worth more, and appraisers say they are not worth anything.

Jan 07, 2018 07:38 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Not sold any as yet.

Jan 05, 2018 05:26 AM
Ambassador
3,015,702
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not a one.  

Jan 04, 2018 09:09 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have only seen a half dozen homes in my area with panels so I have never sold a home that had them.

Jan 04, 2018 08:47 PM
Rainmaker
2,707,212
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Not as yet...and I hope that I haven't just jinxed myself!

Jan 04, 2018 08:11 PM
Rainmaker
3,985,765
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have not  been involved in this as of yet

Jan 04, 2018 08:01 PM