Alternative housing energy and financing

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SUMMARY

Homebuyers with properties featuring solar electric systems often face challenges securing bank financing, as discussed in the forum. Concerns arise primarily from potential structural issues related to improperly designed roofs for solar arrays, which can lead to leaks and compromise integrity. The discussion highlights that these financing difficulties may not be limited to the U.S. and suggests that the design intent of the roof is crucial for lender approval. Ultimately, the best course of action for buyers is to consult directly with their banks regarding financing options for homes with alternative energy sources.

PREREQUISITES
  • Understanding of solar electric systems and their installation requirements
  • Knowledge of residential financing processes and lender criteria
  • Familiarity with structural integrity concerns related to roofing
  • Awareness of alternative energy regulations and incentives
NEXT STEPS
  • Research the impact of solar panel installation on home insurance and financing
  • Learn about proper roof design for solar array installations
  • Investigate alternative energy financing options available from various banks
  • Explore case studies of homes with successful solar financing
USEFUL FOR

Homebuyers, real estate agents, mortgage brokers, and anyone interested in integrating alternative energy solutions into residential properties.

DocToxyn
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I have some friends that are house shopping and they found a really interesting home with many normal aspects except that it also has solar electric. They were told (unknown source) that they might have problems with bank financing because of this. I also have some other friend who recently built a house and were looking into alternative power ideas, but again, the banks would not back these options.

Does anyone have experience with this? Is it true, is it only a US thing? Any theories as to why they won't promote alternative power?

Note: I'm not trying to start a debate about benefits of energy source X vs Y, just trying to find out if these cases are the norm.
 
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It's probably the roof. If not properly designed, a solar array on the roof causes leaks and compromises structural integrity. And "properly designed" means the roof was designed with the intent of putting a solar array on it, not that it was just added later, which I suspect, is how most are done.

I doubt it would have anything to do with the actual technical/financial feasibility of the array. Afterall, that $20,000 granite and brass kitchen doesn't pay for itself either.

And not to point out the obvious, but the only way to know for sure if they'll have problems getting financing from the bank is to ask the bank.
 

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