For the persons who are thinking to purchase a house in order to get benefit from solar system, they are only required to avail a short term financing lease. Most of the solar companies provide 20 year financing for a solar system. If the person wants to sell his house but has not paid off the system, then the lease will be transferred to the new owner. This can create more difficulties in selling home because it is the thinking of the buyers that they will not be willing to take on an additional expense. The extension of lease like 10, 15 or 20 years may turn away the potential buyers. One should keep in mind that the commitment of purchasing a property is already a lot to take in for number of home buyers.
People are more willing to own a house with certain conditions. For instance, if the person agrees to lower the price by thousands in order to help the buyer in paying off the solar system. If the number of years on lease left is more than less would people will be willing to pay for the property. This will lead to the value of the home to be lowered. This will not only affect the home but also the value of surrounding homes. In order to increase the value of the home it is important to have the solar system fully paid off. By this buyers will be more to purchase the house as they will not have to worry about any additional expense. Moreover, by this ongoing savings on electricity can become an excellent selling point.
As most solar companies provide 20 year leases on the solar panels, there are very few who provide short term leases. Many solar companies sell their solar systems for fewer prices for the purpose of helping their customers to avail a short term lease. Such companies are more interested in pushing green energy in order to help customers to pay less for electricity. Therefore, it is recommended to hire a company which provides short term financing. By availing short term financing people will own their solar system sooner than those who provide 20 year financing. Such home owners will also enjoy the advantages of solar energy like clean energy and reduced electricity bills.
Do you know that the electricity bill can be cut up to 90% with the use of solar panels? One should think that how much easier it would be to sell home with a solar system included and no additional leasing. This would be the excellent selling point because of the energy savings potential. Get the most out of the solar energy and search for a solar company which provides short term leasing. Solar leases are not without their downside. There are number of issues to think through carefully before you sign up. Remember once you lease, one will lose the option to invest in solar power for the next 20 years. Take your time and don’t be rushed.
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