Charleston · Condition
I have leased solar panels on my McClellanville roof. Does that hurt my sale, and do I have to pay the lease off?
Leased solar panels on a McClellanville home can complicate a sale because the buyer typically has to qualify to take over the lease, or the seller has to pay off the lease before or at closing, depending on the lease terms. Some lenders hesitate to finance a home with an active solar lease attached, since the leasing company may hold a lien-like interest in the equipment. Reading the actual lease agreement to see whether it is assumable and what a payoff would cost is the first step before listing. Brian Beatty can help a McClellanville seller figure out the best path once those terms are known.
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