Originally Posted by kbrkr (Post 2454248)

Assumptions:

1. The system is leased.
2. Net Profit/Loss I estimate to be a loss; meaning I pay more for system than what I save on electric based on average cost per kwh.
3. Cost of all payments over 25 years is $56k
4. No Batteries; so won't have power fail backup
5. Lease is assumable to new homeowner.
6. We love the home they are attached to.
7. Seller has reduced asking price by $20k

Asking the Hive mind if we should just go ahead and purchase the home; which we really love.

Thank you!

Originally Posted by BostonTom (Post 2454314)

I would never purchase home with solar not sure how Florida works but in other parts of the country usually when the solar is leased there is a lien on the house from the solar company.Also when you have to replace your roof, you can add an extra 15 thousand to remove those solar panels and replace them. There are so many homes available six in our courtyard villa neighborhood right outside of Brownwood available inventory is high location is so important.

Originally Posted by kbrkr (Post 2454396)

Such great advice from all. I'm leaning towards walking away. The house had the roof replaced in 2019 and has a Golf Cart Garage and lots of other upgrades. I've asked the sellers if they would pay off the lease, but have not heard back as yet. I'm already under contract on my home, so I have to find something very shortly.