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Updated almost 2 years ago on . Most recent reply

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Joe S.
  • Investor
  • San Antonio
3,286
Votes |
3,804
Posts

A very unique solar panel situation

Joe S.
  • Investor
  • San Antonio
Posted

So we bought a house several months back and we are in the process of rehabbing it now. The previous owner had purchased solar panels almost 7 years ago and stopped making payments on them about a month or two in. This means that the solar panel company cannot continue to report on his credit in a very short time from now.  He understands that we are not going to pay off the solar panels. Also, the solar panels were never connected as a lien against the property according to the closing attorney so we have already closed on said property.
After giving this backdrop. I’m assuming that the solar panels would not work without some kind of authorization from the company that installed them. So what do we tell the next buyer?

Hey, there’s some nonworking solar panels on your roof.

  • Joe S.
  • Loading replies...