A very serious consideration today!!! If you live in an area with a lot of sun and have been approached by sales people to obtain a solar lease, BEWARE! These "leases" are actually a lien on your property which frequently cannot be subordinated or transferred when selling your property. Which means, you need to pay it off from your sales proceeds. A few of these liens can be subordinated so the Buyer can take them, but there are fewer buyers who want to take on such a responsibility. And, the administrative fees for these liens are way out of line - 7% or more!!!
So I am advising you to NOT purchase your solar set-up through a lease. If you want solar, borrow money from your equity and install the solar equipment on your roof.
Tuesday, August 4, 2015
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment