{"id":6601,"date":"2014-06-25T14:23:30","date_gmt":"2014-06-25T14:23:30","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6601"},"modified":"2014-06-25T14:23:30","modified_gmt":"2014-06-25T14:23:30","slug":"solar-panel-leases-turning-buyers","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/solar-panel-leases-turning-buyers\/","title":{"rendered":"Solar-Panel Leases Turning Off Buyers"},"content":{"rendered":"

Solar-Panel Leases Turning Off Buyers<\/h2>\n

 <\/p>\n

\"Solar-Panel<\/a>

Solar-Panel Leases Turning Off Buyers. Image courtesy of ddpavumba \/ FreeDigitalPhotos.net<\/p><\/div>\n

The leasing of solar panels for a home\u2019s rooftop is growing in popularity because home owners can start saving on their utility bills without paying any upfront money for the system, which typically can cost thousands of dollars to install. But the fine print of these leasing contracts may deter some home buyers, who often have to assume the previous owner\u2019s contract when the home is bought.<\/p>\n

For example, home owner Dorian Bishopp tells Bloomberg that the solar panels he leased for his roof likely took 10 percent off the value of the Maricopa, Ariz., home that he sold in March. Bishopp says he leased the panels from SunPower Corp., which required the new owners of the home to assume a contract, which had nearly 19 years remaining on it.<\/p>\n

Bishopp had to \u201cprice the house lower than houses without solar to get people interested,\u201d says Brian Neugebauer, the real estate agent at RE\/MAX Excalibur who helped sell the property. Potential buyers were \u201cscared of the solar lease.\u201d<\/p>\n

Home owners often don\u2019t fully understand what they\u2019re signing when they get into a solar lease agreement, Sandy Adomatis, a home appraiser in Punta Gorda, Fla., told Bloomberg. \u201cYou\u2019ve got another layer to add on top of finding a buyer for the house. It\u2019s not a plus.\u201d<\/p>\n

On the flip side, solar has been found to add value to a home, too. It adds about $25,000 to the home value for home owners who own rooftop power systems in California, according to a study by the Lawrence Berkeley National Laboratory. Leased systems, however, are considered personal property and not part of the house.<\/p>\n

As such, a solar lease could be considered a liability rather than an asset that could drive away some potential buyers who are hesitant to assume the former home owner\u2019s contract, says Adomatis.<\/p>\n

Solar leases began growing in popularity in 2012, and they have helped solar panels become more affordable to home owners. Solar panel installations grew by 38 percent in the past year alone.<\/p>\n

Buyers essentially are \u201cmoving into a home with a lower cost of ownership, a lower cost of energy,\u201d so a solar lease shouldn\u2019t make it more difficult to sell a house, says Jonathan Bass, a spokesman for SolarCity in San Mateo, Calif. \u201cIt becomes a selling point instead of a point of misunderstanding.\u201d<\/p>\n

Source: \u201cRooftop Solar Leases Scaring Buyers When Home Owners Sell<\/a>,\u201d Bloomberg (June 23, 2014)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Solar-Panel Leases Turning Off Buyers   The leasing of solar panels for a home\u2019s rooftop is growing in popularity because home owners can start saving on their utility bills without paying any upfront money for the system, which typically can cost thousands of dollars to install. But the fine print of these leasing contracts may … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-6601","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nSolar-Panel Leases Turning Off Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/solar-panel-leases-turning-buyers\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Solar-Panel Leases Turning Off Buyers\",\"datePublished\":\"2014-06-25T14:23:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/\"},\"wordCount\":434,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100172650.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/\",\"name\":\"Solar-Panel Leases Turning Off Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100172650.jpg\",\"datePublished\":\"2014-06-25T14:23:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/solar-panel-leases-turning-buyers\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100172650.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100172650.jpg\",\"width\":400,\"height\":266,\"caption\":\"Solar-Panel Leases Turning Off Buyers. 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