Selling a Home with Solar Panels
“What happens if I sell my house?”
Solar panels are typically marketed as valuable assets that can increase the value of your home. However, sometimes people need to sell their home before the solar loan is paid off.
What many people don’t realize, because the solar company fails to mention it during the sales pitch, is that the loan provider has a security interest affecting the house. This security interest can cause issues related to selling the house, and it may also affect the amount of money you receive if your home is sold.
When this happens, homeowners may have legal options that allow them to recover the money that was taken by the loan provider if the house was sold. You may also have legal recourse to remove the panels, cancel the loan, and terminate the security interest affecting your home so that you can finally sell your home.