Solar in Real Estate: Know Who Owns The Solar When Buying/Selling a House - Title 4-1-1

Описание: California is one of the nation’s leaders in regards to solar energy, and the amount of homes with residential solar systems installed. Because of this, we receive questions about solar on a regular basis.

Solar Panel systems can be installed on rooftops to help drastically reduce, or even eliminate a household’s monthly electric bill. With low maintenance costs, many homeowners have opted to install these systems onto their properties; however, one of the biggest gotcha moments of buying or selling a home with a rooftop system has to do with who owns the system.
Just because a solar system is on the homeowner’s roof does not necessarily mean that the system belongs to the owner.

There are three ways to purchase solar panels, and I want to explain each one so you better understand the possible hiccups you may encounter during a real estate transaction with solar.

The first way you can purchase a solar system is through a cash purchase.
The second way to purchase a solar system for a home is through a loan.
The third way you can purchase a solar system is a through a Power Purchase Agreement.

If you have questions regarding the solar panels on a property you are interested in, reach out to have us run a title search on the property. A title report will show who owns the solar system, and will help guide a smoother transaction.

Hopefully this information has been helpful. If you have questions about this topic feel free to reach out to myself, or anyone here at Lawyers Title. We are always happy to help.

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