Arizona Enacts New Law Requiring Disclosure of Solar Leases to Protect Homebuyers and Boost Solar Market Transparency

A new law in Arizona has recently taken effect, which will have a significant impact on the real estate market and rooftop solar installations. Under the new legislation, home sellers are required to disclose detailed information about existing solar panel leases or loan agreements to potential buyers before closing a sale. The move aims to protect consumers from unwelcome surprises and ensure a smoother transaction process, especially as the number of homes with solar panels steadily increases in the state.

The law responds to a growing number of home buyers who faced unexpected complications with inherited solar contracts, sometimes leading to added costs or delays in home sales. Real estate professionals and solar industry representatives have welcomed the transparency the law provides, noting that clear communication between sellers, buyers, and solar companies can help avoid disputes and facilitate the transfer of solar agreements.

Read the original Arizona solar power article.