25 Jun '14, 1pm

Rooftop Solar Leases Scaring Buyers When Homeowners Sell

Leasing is driving a boom in solar sales because most require no money upfront for systems that cost thousands of dollars. That’s made solar affordable for more people, helping spur a 38 percent jump in U.S. residential installations in the past year. Since the business model only gained currency in the past two years, the details embedded in the fine print of the deals are only starting to emerge. “Homeowners don’t understand what they’re signing when they get into this,” said Sandy Adomatis, a home appraiser in Punta Gorda, Florida, who created the industry’s standard tool for valuing the systems. “You’ve got another layer to add on top of finding a buyer for the house. It’s not a plus.” For people who own rooftop power systems, solar adds value to the home -- about $25,000 for the average installation in California, according to a study in December by the Lawrence Berke...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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