Unknowns of purchasing a house with Solar Panels. : RealEstate

Hello /RealEstate

First time home buyer here. The home I am am attempting to buy has solar panels installed. I am intrigued by them, and I would most certainly enjoy having solar power for my home. This is my first home I will be purchasing using my VA loan. I have googled all around, and I am attempting to find out all the right questions to ask, the variables I need to understand, and acquire as much info as I can. The sellers disclosure states that the solar panels are leased from Sun Nova. After many different googled searches, I navigated my way here to find some more answers. My realtor is digging right now. The contract will read that the seller will be paying for all solar fees, and that I will not be incurring any debt/lease/payments or paying any money for the solar. The seller will be paying it off prior to closing. What does that mean for me? Since I will be the new home owner, I will own them? Or does the company come and take them after they buy out? The company that installed/leased them is Sun Nova. I live in Fort Worth, Texas. I am relocating from Phoenix, AZ. Solar panels were a hot commodity in Phoenix, and I am interested in future proofing my new home. The house was built just over 2 years, ago. It’s a 4 Bedrooms, 2 bath, 1800 square feet, single story, in a beautiful residential area. It is rather difficult to find guidance on this. What are some big ticket items in dealing with solar? what should I expect after I purchase this house? Any guidance would be greatly appreciated. Thanks.

Source link