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re: Solar Panels - Yay or Nay
Posted on 7/14/23 at 2:51 pm to LoneStarRanger
Posted on 7/14/23 at 2:51 pm to LoneStarRanger
quote:
Don’t try selling your home if you still owe money on them. Otherwise you’re gonna have to pay them off
I have friends that were the beneficiary of this. The sellers did not disclose they were still paying for the solar panels until the title company brought it up. The seller had to eat $45k from the sales proceeds to pay off the solar panels.
Also, the solar panel contract the sellers paid for includes removal and reinstall at no charge for roof replacement.
Another friend self install solar panels on his barndominium. Not that difficult. It's basically an erector set with plug ins. The connection to the panel box is tricky and not advisable if you are not knowledgeable. He paid about $16k diy for 30 panel set up.
This post was edited on 7/14/23 at 2:56 pm
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