UPDATE to FHA & Insuring Homes with Leased Solar Panels -
Recently I wrote a blog stemming from FHA not Insuring Homes with Leased Solar Panels. Having great connections really pays off as our office was probably first in the city to be notified. The initial blog stated that FHA would not Insure any home with Leased Solar Panels.
I'm certain there was a lot of noise on this subject as homes with leased solar panels have become very popular, especially in Arizona. The up front cost to buy them can be thousands vs. leased solar panels that are typically no upfront cost. This is a cut and paste from the updated DRAFT Document.
Thanks to everyone who commented. This post was written before the final HUD guidelines came out. The end result is that leased solar panels do not provide value.
If you have a home to sell in Maricopa Count with leased solar panels, give me a call. I'll be happy to run comparables and give you advice on the best way to sell the home.
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