If you finance a solar panel system, a lien may be placed on your home to secure the remaining balance of the loan. This is a standard practice in the industry and is similar to how a mortgage loan is secured. It's important to understand the terms of the financing agreement before signing any contracts, and to consult with a legal or financial advisor if you have any questions or concerns.
When purchasing a home with GriffNRGY/Polaron solar panels, contact GriffNRGY customer support to initiate the transfer. Provide them with a copy of the unofficial and updated deed, and closing confirmation. You will receive two bills, one from the local utility and one from GriffNRGY/Polaron. For more information, contact us at info@griffenergy.com or by phone.
If you're selling a home with GriffNRGY/Polaron solar panels installed, the solar plan can be transferred to the new homeowner. Contact GriffNRGY or email info@Griffenergy.com as soon as you decide to sell your home for a smooth transfer process.
If you decide to sell your home prior to the end of your solar agreement terms, don't worry. The benefits of the solar panels and agreement can easily be transferred to the new homebuyer. Our team will work closely with you and the new homeowner to ensure a seamless transition. We will also make sure that the new homeowner understands the solar system, program, and agreement.
Additionally, if you financed your solar project with GriffNRGY, it's important to note that the roof portion may not be transferred to the new homeowner. The current homeowner will be responsible for paying off the remaining balance before the closing date. However, our team will work closely with your realtor, legal team, and client to ensure the process runs smoothly.
Here's a quick checklist to keep in mind:
