‘Your next step is a lawyer’
One homeowner thought he was buying a home, but the upside of renting solar was red tape and a 24-year headache.
One to post In a post shared on Reddit, the homeowner explained that they purchased a home that came with a transferable solar lease, only to find that the transfer process was anything but smooth.
After weeks of back and forth, the solar company allegedly sent the loan application to the wrong email, then took so long to respond that the buyer had to follow up with the seller’s agent for updates. The company then rejected the buyer, saying “records cannot be verified” even though the homeowner said his credit score was 785.
The buyer later learned that the company had told the seller that the lease could only be assigned if the buyer applied with a co-applicant, purchased the lease with 24 years remaining, or had the seller purchase it instead.
“I don’t have the money to buy out the lease, so it’s not an option and I don’t have anyone else to sign for me. Has anyone experienced something similar? I want to know my legal options.” wrote.
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Early in the comments, many readers noted that while solar power itself is very important, this is exactly why some homeowners avoid rentals altogether.
“They’re definitely trying to force the buyout, and if they don’t cooperate, your next step is to become a lawyer.” in question a commentator.
solar panels It could be a big win for your wallet and the planet. They can lower your electricity costs, reduce your reliance on dirty fuel power plants, and help balance your energy budget when utility prices rise.
But the rental model can cause challenges, especially when you sell a home. Unlike a system that you own outright, a lease is a long-term contract with a third party, and that company usually controls it.
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If there was no down payment, how much would you pay per month to put solar panels on your roof? I would only do this if someone else paid Click on your choice to see the results and give your opinion. |
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Meanwhile, the Reddit host’s situation is a tough reminder. Solar power is a great tool, but the contract is just as important as the panels.
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