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Updated over 6 years ago on . Most recent reply

User Stats

55
Posts
13
Votes
Thomas N.
  • Investor
  • Nassau, NY
13
Votes |
55
Posts

solar panels good or bad?

Thomas N.
  • Investor
  • Nassau, NY
Posted

Hello,

Offer accepted on a SFH with leased solar panels for 20 years. Panels are only 3 month old and the monthly fee is $100 paid to the solar company. Electrical bill is only $10 - $20. Current owner can transfer solar panels to new house if I don't want them. I leaning toward asking owner to remove the panels for the following reasons:

1. I would have to add $100 to the rent to cover the panels which might overprice the rental 

2. Solar panels would be a capital expense 

What would you do, keep the panels or get rid of them?   Thanks. 

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