Checklists / 28 items
Solar home closing packet
For the seller and listing agent, the lender, title and closing, and the appraiser on a home sale with solar panels, to use at the start of the transaction. Gather these records before any price is attached to the panels, and mark anything missing as unresolved.
Drawn from Solar panels in a home sale: ownership, value. Research checked October 12, 2026.
Ownership and financing
- Confirm which ownership arrangement applies: owned, financed as a fixture, financed as personal property, leased, or a power purchase agreement.Fannie Mae Selling Guide B2-3-04
- For a financed fixture, confirm the documents say the panels cannot be repossessed for default, and whether a senior filing must be subordinated.Fannie Mae B2-3-04
- For personal-property collateral, confirm what the UCC filing describes as collateral and when the loan will be paid off.No contributory value under B2-3-04 if unpaid at closing
- For a lease, confirm how many years and payments remain, whether payments escalate, and what the leasing company needs to approve a buyer.Panel value is excluded from the appraised value
- For a power purchase agreement, confirm the price per kWh, how it escalates, and whether payment is based only on energy produced.PPA payments tied solely to output may be excluded from DTI
- If a PACE assessment exists, confirm it will be paid in full at or before closing.Fannie Mae will not buy the loan otherwise
Also in the full checklist:
- Production, equipment and roof (8 items)
- Market value evidence (4 items)
- Review record for reporting (5 items)
- Who supplies each record (5 items)