If you wish to cancel your agreement with Vivint, call 1-800-216-5232 x5020 for assistance. At Vivint, we understand that sometimes the unexpected happens. We also know that when the unexpected happens, changes must be made in your life.
How much does it cost to buyout a solar panel lease?
Your lease buyout amount might be cheaper than your monthly payments. This varies on a case by case basis, but some of the analyses we've seen show monthly payments around $14,000 versus a buyout cost of $7,000.
Can I buyout solar lease?
Most solar panel leases do include a buyout clause; some don't. Check your contract for it. ... Still, if you have an early buyout option (often in year 6 or 7), you can buyout the remainder of your lease and own the equipment yourself. That might be beneficial if you're planning on selling the home soon.Apr 17, 2019
Can you remove leased solar panels?
Most solar lease contracts are difficult to cancel without legal action. Lease agreements tend to last anywhere from 10 to 20 years and are ironclad in structure. ... If you want to cancel your lease because you're selling your property, you typically have the option to transfer your lease to the new homeowner.Mar 27, 2019
How much does it cost to buy out a solar panel lease?
If they choose to buy out the lease with cash now, the total cost will be $7,000 — a savings of $9,296. If you choose to finance your buyout through a VSECU loan, you'll almost certainly lower the amount of your monthly payment.
What happens at the end of solar lease?
What happens at the end of the contract? At the end of your initial lease term, your options may include renewing the solar lease contract for one to ten years, upgrading to a newer solar panel system and signing a new contract, or removing the system.
How much is a solar lease buyout?
Your lease buyout amount might be cheaper than your monthly payments. This varies on a case by case basis, but some of the analyses we've seen show monthly payments around $14,000 versus a buyout cost of $7,000.