FannieMae posts new guidance on leased solar home systems and PPAs

Post date: Aug 22, 2015 10:36:14 PM

FannieMae has clearly distinguished between owned and leased solar home systems when it comes to qualifying for their loans. Fannie Mae will purchase or securitize a mortgage loan on a property with solar panels. If the property owner is the owner of the solar panels, standard eligibility requirements apply (for example, appraisal, insurance, and title). If the solar panels are leased from or owned by a third party under a power purchase agreement or other similar arrangement, the strict requirements apply.