A homebuyer reached out to Reddit's r/SanDiego forum for advice after discovering that the home they were planning to purchase has a Sunrun solar panel lease.
According to the original poster, the seller has two options: They can pay off the solar energy for the entire term or purchase the solar system outright. Since the price difference between the two options is only "a few hundred dollars," the seller is leaving the decision up to the homebuyer.
"I read on Reddit that Sunrun leases are not good," wrote the OP. "Please advise."
Redditors agreed that the solar lease is not the responsibility of the potential homebuyer and offered suggestions for the OP's next steps.
"They signed the lease not you," responded one user. "They need to buy it outright as they should've done originally."
"If somehow you have to take the lease, make sure it's fully transferred under your name, otherwise the seller won't be making any payments, and you will be dealing with liens on your newly purchased home," added another Redditor.
Although this particular case of solar leasing is unique, switching to solar energy remains the best way to save money on home energy while reducing your household's pollution.
For many homeowners, the initial costs of purchasing a solar system are too expensive. As a result, leasing panels is a budget-friendly way to reap the benefits of going solar. Palmetto's LightReach program enables homeowners to minimize upfront solar costs and choose plans with no money down.
Save $10,000 on solar panels — or get them on your roof without paying for purchase or installation Whatever your solar budget, Palmetto can help you save. If you want to buy your own panels, Palmetto's concierge advisors can help you save up to $10,000 on installation through a network of preferred installers. And if you'd rather get solar savings without upfront costs, Palmetto's revolutionary LightReach subscription program can deliver. LightReach lets you lease solar panels with no money down, making it painless to lock in long-term savings. Palmetto covers a 25-year warranty for the panels, which means you'll get reliable performance without unforeseen costs. To get started, just answer a few basic questions about your home and connect with Palmetto's experts to find the option that's right for you. |
Another benefit of leasing through the LightReach program is that Palmetto assumes the risk for the panels you lease. As a result, you don't have to worry about unexpected costs down the line.
If leasing isn't the right option for you, EnergySage offers free tools that give you estimates on purchasing and installing panels in just a few seconds. Thanks to the help of EnergySage, homeowners have saved up to $10,000 on their solar installations. To learn more about the differences between leasing and purchasing solar panels, consider reviewing this pros and cons list of both options.
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If you don't have solar panels on your home, which of these factors is the biggest barrier to installing them? Click your choice to see results and speak your mind. |
Upfront costs 💰 
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