TRANSFERING A SOLAR HOME
Everything you need to know before closing
Transfer Steps
When you’re buying or selling your home, the last thing you want is to have it get stuck in the transfer process long and delaying the purchase.
Determine the ownership status of the system: Owned, Financed, are Leased.
STEP ONE
Realtor and Seller ensure solar value is included in home appraisal and listing price → Solar Inspection Report is obtained → System ownership automatically transfers at closing → Buyer has no monthly solar payments
OWNED
Seller notifies Financier → Realtor and Seller ensure solar value is included in home appraisal and listing price → Seller pays off loan at or shortly after closing per the terms of the Financier → Buyer has no monthly solar loan payments
FINANCED
Seller notifies Lessor → Buyer applies and is credit-screened → Lessor approves or declines → both parties sign the transfer agreement → any arrears are settled → the account transfers after close → Buyer assumes lease payment and terms