Roof Lease Agreement For Solar

The ownership cost of design installation and maintenance of the solar system is covered by freedom energy for the term of the agreement.

Roof lease agreement for solar.

As is the case with solar panel leasing plans or more complicated power purchase agreements renters of tesla s solar panels must pass all tax credits incentives rebates and. An agreement to lease your property for a solar installation. In essence a solar site lease is exactly what it sounds like. You may be able to transfer the lease to the new homeowner buy out the remainder of the lease and have the system removed or purchase the solar panel system at market value and leave it on your roof.

You simply agree to pay the owner sunrun each month for the electricity that the panels generate. Roof lease deals require a significant amount of time and energy to properly prepare and execute. What you need to know. In a site lease agreement you turn an unused space your roof an open plot of land a parking lot etc.

Into a revenue stream. When you re selling a home with a leased solar panel system on the roof there are options outside of canceling the leasing arrangement. Solar lease contracts are usually for 20 to 25 years. You enter into an agreement with the solar leasing company that entitles you to the benefits of the system i e the energy that the solar panels generate for the term of the contract which is generally around 20 years.

Instead of paying for a solar system you pay a fixed monthly amount for the electricity the solar panels generate. Solar leases are also similar to power purchase agreements or solar ppas. A solar roof lease can be a very uncommon instrument for traditional landlords. You may have one two or all three of these options available depending on the leasing agreement you signed.

At the end of the lease term you have the option to buy the solar panels at a discounted price extend the lease or have the panels removed from your roof. With a solar lease or power purchase agreement ppa you don t have to pay the high upfront cost of solar panels equipment and installation. There are no equipment or maintenance obligations or costs to the site owner. Solar lease agreements tend to be one sided and geared towards the solar development company.

Even though the panels are located on your roof you don t own them.