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No, installing solar panels does not result in a lien on your property, as clearly stated in your Solar Agreement. However, in certain areas, we are obliged to file notices that designate the owner the solar equipment. This is a routine procedure and should not be confused with a property lien. Upon the sale and title transfer of the property, we promptly remove these notices. If the property is sold, we can also reissue these notices in the new homeowner’s name. Furthermore, at the request of the transaction, these notices can be removed before the property sale is finalized, ensuring a smooth and clear transition.
Right away! No upfront payment is required for installing your solar system and you start benefiting right away. Once it’s operational, you’ll start benefiting from a reduced rate per kilowatt-hour (kWh) for your energy usage, leading to immediate savings on your electricity bills.
According to research by ICF International, a prominent consultancy in energy and technology, reducing your annual electricity expenses by $1 can increase your home’s market value by $20. This means a $1,000 reduction in your energy costs could potentially boost your home’s value by $20,000.
Furthermore, data from the U.S. Department of Energy Efficiency and Renewable Energy suggests homes equipped with solar panels tend to sell twice as fast compared to those without, making solar investment not just energy-efficient but also financially wise for homeowners.
If you decide to sell your home, rest assured that transferring your solar agreement to the new homeowner is a straightforward process. Our dedicated Service Transfer Specialists will manage every aspect of the transfer. They are equipped to provide information to realtors, potential buyers, and collaborate with escrow officers, title agents, and home inspectors to ensure everyone is fully informed about the solar system and its benefits.
Our experience shows that nearly 100% of home buyers choose to complete the transfer process, allowing them to enjoy the advantages of the existing solar system seamlessly.
Our dedicated team successfully transfer 98% of Agreements, with the other small percentage being distressed situations, such as short sale or foreclosure.
There is no fee for this process; the transfer of the agreement is included as part of the Installer service package.
In the context of renewable energy, a Power Purchase Agreements (PPA) is a long term-agreement between a renewable energy producer (eg; a solar energy developer) and a power purchaser, such as an energy retailer or a utility company.
Converting your house to solar is a significant and lasting upgrade. Once installed, the solar system is intended to remain in place, as removing it is not practical. We back the solar panels with a 20-year warranty, reflecting our long-term commitment to servicing your home’s solar energy needs.
Should you decide to move within this period, there’s no need to worry. We facilitate the transfer of the solar agreement to the new homeowners, working closely with your realtor or title company to ensure a smooth transition. Our process is straightforward and efficient, with a historical success rate of 98.7% in transferring agreements to new owners, ensuring continuous service without interruption.