Big B Hova
HOSS
- Joined
- Nov 7, 2014
- Messages
- 5,373
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Buying a house that has a solar lease. Sellers agent told solar had 4-5 years left on lease and didn't know payment info.
Spoke with sellers, said payment is $170 a month and lease has 14 years left.
Finally got copy of lease and the average price per month is $172. Actual payment goes up by $4 a month and maxes at $204 a month.
Solar system produces 4.58kw-dc ( 14 panels)
Lease says .27 cents kwh
According to my math there is about 28k left to pay on the lease. And apparently after lease You still gotta buy it out or release it.
Big difference from.what we were told when we offered on the house.
Should we ask seller to pay the lease off? We do really want the house. But this solar lease doesn't look like a good investment.
Thoughts?
Spoke with sellers, said payment is $170 a month and lease has 14 years left.
Finally got copy of lease and the average price per month is $172. Actual payment goes up by $4 a month and maxes at $204 a month.
Solar system produces 4.58kw-dc ( 14 panels)
Lease says .27 cents kwh
According to my math there is about 28k left to pay on the lease. And apparently after lease You still gotta buy it out or release it.
Big difference from.what we were told when we offered on the house.
Should we ask seller to pay the lease off? We do really want the house. But this solar lease doesn't look like a good investment.
Thoughts?