You’ve made the exciting leap into solar energy, but now you may be faced with (or have already faced) the complexity of rooftop lease contracts that seem more overcast than sunny for your business investment. Don’t worry—you’re not alone. Canceling a rooftop solar lease, especially if you want to switch providers, can feel like navigating a labyrinth without a map. If you’re unhappy with the cost and responsibility of solar ownership, Catalyst Power can guide you through the process of a more profitable, straightforward leasing agreement.
Read the Fine Print
A new solar company or energy service provider like Catalyst Power will need to confirm your existing terms before providing a new lease. Your lease may have specific contract terms that dictate how you can end the agreement. Some contracts include a buyout clause or a termination option. If your contract contains these provisions, it’ll likely outline the process and any associated cancellation fees.
Get Your New Solar Provider Involved
Here’s where your new solar provider steps in. They often have experience with this sort of thing and can help you navigate the rocky terrain of lease cancellation. They may be able to advise you on handling any potential penalties or fees for a smooth transition. Catalyst Power is prepared to compensate you for your existing solar panels and alleviate the burden of solar ownership! We’ll provide you with a more consistent path toward revenue generation for your business.
When partnering with Catalyst Power, we pay you monthly payments to lease solar panels on your rooftop. Keep in mind that the solar power produced by your array does not come to you directly; we sell it elsewhere. Typically, we find that solar arrays only require minor repairs (an inverter or two). In addition to the repair, if your roof can accommodate 20-25 years of warrantied time, you could sign a new solar lease agreement with us.
Stepping Into a Better Rooftop Lease
On the blog, we’ve covered the steps to signing up for a rooftop solar lease with us. Once we complete a property evaluation and a lease agreement is signed, you can earn a new revenue stream from Catalyst Power.
Canceling a commercial solar lease with another provider can take time and effort. It requires patience, negotiation skills, and a fair bit of paperwork. But with the right approach and a savvy energy provider, you can confidently navigate the process. Soon, you’ll be on your way to a more reliable path toward energy savings.
For more information on how Catalyst Power can help to monetize your roof, check out our blog post.
