Remove Leases Remove Legal Remove Lien Remove Permits
article thumbnail

Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

If solar panels are installed on the property, Buyer is advised to inquire about the terms under which the solar panels were installed, how to transfer the ownership or lease, and any costs associated with the transfer. You understand and agree that this is a lease and not a sale agreement.

Housing 207
article thumbnail

Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. You understand and agree that this is a lease and not a sale agreement. That fixture filing is in most states a lien or encumbrance against the system.

Leases 232
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. You understand and agree that this is a lease and not a sale agreement. That fixture filing is in most states a lien or encumbrance against the system.

Leases 179
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The capital credit is used only after all other deductions, losses or credits permitted under Titles 40 and 41 of the Code of Alabama 1975. The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company.

Income 75