qwerty
Well-known member
ZeroLot said:qwerty said:not to mention that a lot of solar installers will probably not be around in 5 years and their support/warranties/maintenance that you paid for as part of a purchased plan may not be there.
Very good point. So if I LEASE the solar panels does this mean I keep them for free once the installer goes out of business? Or will they be ripping it off my roof in 5 years?
Legally speaking the leased solar panels are assets on the leasing companies books and they are the legal owners but in the event the solar company goes under I doubt the creditors would be able to remove your solar panels, the courts would probably force them to honor the lease so my guess is you will be ok. The creditors would probably work out a deal with another solar company and have some sort of revenue split arrangement or just sell the lease at a low price to induce another solar company to buy it. So in any scenario no one will be ripping out your solar panels but highly unlikely you will get a free system if your provider fails.