▲ 5 r/solarpower+1 crossposts

Taking over SunStrong (Sunova) solar lease during closing on a house—any tips?

Hi there - We are in contract to purchase a home in the East Bay. The owner had a 5900 KWh solar Sunnova solar system in stalled in 2017 as a lease. It produced about 7.9 MWh last year. The rate is approximately $143/month at this point, increasing 2.9% per year, and we don't really have any option except to take over the lease. Does anyone know if there is anything I can do to get any sort of better terms? It seems like it's not easy to buy out the lease, at least not at a great rate. Currently it is producing electricity valued at more than the monthly lease payment, and it has PG&E NEM 2.0 through October 2037. It is also producing more energy annually than the guaranteed amount in the contract. Thanks!

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u/Neither_Concept_8224 — 7 days ago

Paying buyer’s agent directly - any effect on property tax base and transfer tax?

Does anyone know or have personal experience? I can’t find a clear cut answer online. Note that the California Preliminary Change of Ownership Report asks in Part 3, question F for the “amount, if any, of real estate commission fees paid by the buyer which are not included in the purchase price.”

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u/Neither_Concept_8224 — 10 days ago

Berkeley duplex to single-family home conversion?

We are looking at a house marketed as a single-family home in Berkeley that the city designates as a duplex. The current owner states that the previous owner about 30 years ago converted it and didn’t feel the need to formalize it. Even so, the current owner has made some upgrades over time (generally without permits, which seems fairly common in the area). My suspicion is that formalizing this conversion could be challenging. Does anyone have any experience/knowledge/recommendation of someone who could I advise?

We’d want to remove an extra staircase, and we’re nervous that any work that we’d want to get permitted could trigger the city flagging the property in some way.

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u/Neither_Concept_8224 — 26 days ago