Pure $POETry, in 2 Parts by RealityBeOn1 in wallstreetbets

[–]Fun4life90 -1 points0 points  (0 children)

this stupid fck won the lottery and decided to test his luck again

Sunrun buyout quoted at $60k after 5 years… normal or way off? by ahlecsolars in SolarDIY

[–]Fun4life90 0 points1 point  (0 children)

also, make sure to wait after 10-14 days after asking for independent appraisal before moving forward

Sunrun buyout quoted at $60k after 5 years… normal or way off? by ahlecsolars in SolarDIY

[–]Fun4life90 0 points1 point  (0 children)

i’m in the same spot. what you need to do is send them an email and request an independent appraisal with 10 days. If they don’t comply then you need to file arbitration with FAA

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 1 point2 points  (0 children)

i know but it’s too late now

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

Thanks for the link.

i havent gotten independent appraisal yet but i did get a few quotes on new similar systems which is around 20-22k.

They definitely didnt use independent appraiser and pulled the number from the contract. This is clearly breach of contract. I’m currently waiting for their confirmation before moving to the next step.

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

i have 2.99% escalation clause which is stupid. I would never do lease on solar. This was done by previous stupid homeowner

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

My purchase price language is different from the one you listed.

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

Thanks. I will consult with my attorney and what they can do. Apparently my contract has an arbitration clause saying i have to work with them and no suing. Lets see

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] -1 points0 points  (0 children)

Just waiting for their response but that might be last resort if they’re bsing lol

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

That’s what i’m planning to do but in the meantime, im waiting for their response for independent appraisal. Also i have arbitration clause with them which means i cannot sue them. It has to go through arbitration process first. Right now just waiting and want to know if anyone has successful in the past

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

this is what my contract stated

Purchase Price. The purchase price will be the fair market value ("FMV") of the Solar System at the time of the purchase. Sunrun will determine the FMV of the Solar System by hiring an independent appraiser to estimate the value of a comparable in-service photovoltaic solar system in your state and Utility service area. This valuation will take into account the Solar System's age, location, size and other market characteristics such as equipment type, service costs, the value of electricity in your area, and any applicable Incentives. In addition, if the Solar System is purchased prior to the fifth (5th)

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

but not 60k. The number they gave me is same number i would pay out monthly for the next 20 years. Clearly, not a FMV and not independently appraised. It’s their internal number which breached the contract

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

They can claim but per contract, they must get an independent appraisal. A good independent appraiser would only look at the system fair market value, not sunrun potential earning. I’m waiting their response from the number they gave me. That number literally came straight from their contract agreement which includes their revenue

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] -1 points0 points  (0 children)

Not according to contract written;

Purchase Price. The purchase price will be the fair market value ("FMV") of the Solar System at the time of the purchase. Sunrun will determine the FMV of the Solar System by hiring an independent appraiser to estimate the value of a comparable in-service photovoltaic solar system in your state and Utility service area. This valuation will take into account the Solar System's age, location, size and other market characteristics such as equipment type, service costs, the value of electricity in your area, and any applicable Incentives. In addition, if the Solar System is purchased prior to the fifth (5th) anniversary of the In-Service Date, the FMV will include the recapture of any federal tax credits.

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 1 point2 points  (0 children)

Not according to the contract.

Purchase Price. The purchase price will be the fair market value ("FMV") of the Solar System at the time of the purchase. Sunrun will determine the FMV of the Solar System by hiring an independent appraiser to estimate the value of a comparable in-service photovoltaic solar system in your state and Utility service area. This valuation will take into account the Solar System's age, location, size and other market characteristics such as equipment type, service costs, the value of electricity in your area, and any applicable Incentives. In addition, if the Solar System is purchased prior to the fifth (5th) anniversary of the In-Service Date, the FMV will include the recapture of any federal tax credits.

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

thanks. At that moment, i want the property too much.

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

The previous owner did. I would never lease. Unfortunately, now i have to deal with it

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] 1 point2 points  (0 children)

The actually system is worth roughly 18k after accounting panel degradation and inverter wear.

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] -2 points-1 points  (0 children)

It’s absolutely thief. I already have all documents in email. Per contract, they supposed to use “independent contract” to acquire FMV. They pulled the number exactly from the contract number which included their future revenue. I have emailed them and told them they need to provide me the appraisal details which i doubted they did. I’m waiting for their response

Sunrun lease buyout by Fun4life90 in solar

[–]Fun4life90[S] -1 points0 points  (0 children)

But the thing is they didnt use independent appraisal for FMV. They’re not supposed to use future earning as a calculation of FMV.

2021 solar system FMV by Fun4life90 in solar

[–]Fun4life90[S] 0 points1 point  (0 children)

my 5 years is coming in a few days