Comment by flutas
2 hours ago
> At most, the buyer would need to allow the financer access to retrieve their property. The financer could then sue the seller for the buy-out cost and/or breach of contract.
Nope, at least not typically.
Typically in the US houses are sold as-is unless it's noted in the closing docs. Everything in or on the house when you close is yours. The seller would be the one fighting with the financing company, as (again unless noted in closing docs) they would be considered fixtures and considered part of the real estate sale.
Financer is probably not the correct word here. The common model around here is that an installer puts solar panels on your roof, and sells you the right to their electric output in exchange for a fixed fee (with a fixed annual increase). That is to say, the original homeowner never owned the solar panels, and so never had the right to sell it in the firstplace.
If the solar panels were financed with an unsecured loan, then the home buyer would unambigously own them. It is also possible for the lender to have a lien against the panels; which again would survive the home sale.