[kbrkr]

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!

[Rainger99]

Originally Posted by kbrkr

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!

The lease is assumable. But can you buy without solar power?

[BrianL99]

Originally Posted by kbrkr

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!

Yeah, if it's price $100,000 less than what it's worth, without the Solar System.

$56,000 to pay for a Solar System that's going to lose you money.

An extra $15,000 when you need to replace the roof ... & take the solar system on & off.

Plus aggravation.

There's nothing special about any home in The Villages. No matter what you want or where you want it, another will be coming along for sale.

[CarlR33]

How about breaking the lease and removing it? Is that an option?

[asianthree]

So what does the electric bill indicate on how much is saved on the bill? What is the return money from seco or duke?

How old is the roof. Because as pointed out it’s not cheap to remove and replace.

Whatever the model, if it’s a spec home, I assure you there will be more than 100 with the same exact interior and exterior.

You didn’t say if this was a view to die for, or a giant garage which is most important over the house. What makes this home special.

If you have to have the house I would make the deal that the solar has to be paid off. But that just me

[Laker14]

since you asked, I would find another house to love. There are many available.

[tophcfa]

Wouldn’t take on that solar contract during this buyers market with so many other options available. Make an offer to purchase, adjusting the price for not taking on the contract. If the seller resists, walk away. The sellers poor decision shouldn’t become your responsibility.

[villagetinker]

Also, check to see if there is a lien on the house for the solar system, if so, RUN away, as you may not be able to break the contract. IMHO, I would not consider any house with solar, unless this was completely paid for, and then as noted previously you are assuming the additional costs when the roof is replaced. One final item, check with your proposed insurance company about the implications of the solar panels, additional costs for coverage, etc.

[Aces4]

Originally Posted by kbrkr

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!

I would find a new love.

[retiredguy123]

I would make an offer contingent upon the seller removing the solar panels and and clearing any liens.