House has a solar PPA. Is it a dealbreaker?
Looking to buy a house in CA, but the one we really like has a Sunrun PPA with 20 years left on the lease. Realtor doubts owners will buy it out.
I've read the warnings about leases and Sunrun. It all sucks, but does this suck enough to be a dealbreaker? We love the house otherwise, and plan to live in there for 20+ years. Hopefully having to pawn it off on the next buyer won't be an issue. Also it sucks your paying 3-4x the cost of something you won't own.
System size: 6080 kwh/yr
System charge: $145 month
Elevator: 0%
Battery charge: $38 month
It is on the NEM2 PG&E rate plan. It is grandfathered in for another 15 years.
The March bill was $56 with $12 electric and $44 for gas. The bill gives an NEM summary. It lists YTD NEM charges at -$28, YTD non-bipassible charges at $63, and total delivery charges at $87. The bill estimates the charges at true-up to be $0. Does this part mean this is what PGE charges for being connected to the grid, but the owners sold back enough power to cover the cost?
We may use more power than the max estimated kwh/yr. We used 5400 kwh last year in a smaller home.
Note: The roof needs to be replaced and we ain't considering the house if the roof is not replaced by the owners.