Big life changes like selling your home can be exciting, but also come with a long to-do list. We’re here to guide you and help ensure your LightReach solar system is one less thing to stress about.
When selling your home, you have two options for your LightReach Lease or Power Purchase Agreement (PPA):
1. Buy Out Your Solar System
You can choose to complete the purchase of your solar system outright. The purchase price is based on your system's fair market value at the time of your request. An independent appraiser will assess this value using data from comparable solar systems in your area. Once the buyout is complete, you’ll own the system and all LightReach services and warranties will end. Many homeowners choose to incorporate this cost into the sale of their home.
Although you'll own the system, it is custom-built specifically for your current home. You cannot move your existing system to a new property or store it. Don’t worry, we’re happy to help you get a brand-new system set up at your next location. Learn more about system buyout here.
2. Transfer Your Lease to the New Homeowner
You can choose to transfer your lease agreement to the new homeowner. They’ll need to apply for a new LightReach contract and pass a credit check. Once their application is approved and the home sale is finalized, the solar system will be transferred to their name. The new homeowner will then enjoy all the benefits of your solar system, including the automatic transfer of any remaining system warranties.
Important: If the buyer does not meet LightReach's underwriting requirements, we may, at our discretion:
Remove the system OR
Offer alternate solutions while preserving our rights under the lease
Unless released in writing, you remain responsible for the lease until a transfer agreement is signed and the new owner is approved.
If you sell your home or transfer the lease without LightReach’s written approval, you will be in default of the lease agreement.
Ready to Get Started?
If you are in the process of selling your home, please complete the form below at least 60 days before the closing date.
Documentation is key to ensure a seamless transfer. Providing accurate proof of ownership and necessary buyer information can prevent delays and streamline the process.
Please be prepared to share the following information:
Proof of the impending home sale (listing agreement, accepted offer)
Your chosen option (buyout or transfer)
For transfers:
New homeowner's full name, email address, and phone number.
Proof of ownership from the buyer (deed to the property, property title, or recent utility bill reflecting the buyer's name)
Once the request is submitted, a team member will follow up with next steps. If you have any questions in the meantime, please reach out to our support team.