How Do I Get Out Of Solar Panel Contract

You can pay for a solar energy system outright or take out a solar loan.

How do i get out of solar panel contract. I signed a contract to get solar panels installed but we got orders to move out of state. 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. Generally speaking you must have a meeting of the minds to have a valid contract. But it s often a set amount and the leasing company is often unwilling to budge on it.

Theoretically the current owner could sell for a higher price and remain solely responsible for the solar system contract but you would never do that because i would bet that part of the solar system contract grants the solar system company a lien on the house to secure payment of the contract in whcih case it could foreclose on your house if the current owner failed to pay. The number of solar loan options has steadily grown in the last few years. You should contact a local contract business attorney. Usually a buyout is allowed after 5 to 7 years of the lease.

4 other things to do can be. However that might not always be the case. Most solar leasing companies do include a buyout period and price in their agreement. We signed contract with vivint solar company and it s been 2 years now but since we had the solar panels our electric bills are higher than before we have the solar panels.

Check your contract for it. We want to get out of the contract but they insist that we signed for 20 years contract. When you re selling a home with a leased solar panel system on the roof there are options outside of canceling the leasing arrangement. The solar panels have not been installed yet and i called to cancel and they said their panels are specifically designed for our house and are being made right now so if we cancel we have to pay for what they have done already.

If the system is not fully described and specified in a contract or brochure you may occasionally have grounds to say i want to cancel this overpriced impulsive solar contract or order and achieve your desired cancellation. Like buying a new car you select from a range of features offered by a solar installer who s then responsible for fulfilling your order. You may have one two or all three of these options available depending on the leasing agreement you signed. Most solar panel leases do include a buyout clause.

The amount of your investment is indicative of the.