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Sunpower Lease Early Buyout Question

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  • Sunpower Lease Early Buyout Question

    Hello,

    I'm almost at my 7 year anniversary of a Sunpower Lease where they give me an option to purchase the lease outright and have a question on what to expect. A few posts on this forum have buyouts that seem pretty low (less than $1,000).

    It looks like they accelerate the depreciation on their books for the first seven years. On my original proposal it shows a depreciated value at year seven of $10,750 (original value is $35k), but the subsequent years the depreciation slows to just a couple hundred dollars a year. My assumption is that they front load depreciation for tax purposes and at year seven my solar system becomes more a liability than an asset to them.

    Does anyone have any experience with the early buyout option? What was your buyout price vs. their estimated depreciation price?

    If my buyout is truly over $10k, I'll keep the lease and the warranty that comes with it. But if they come back with a price of around $1,000 to get out I'll exit the lease and assume the warranty.

    Last edited by LukeD; 08-06-2018, 01:05 PM.
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