Does Freddie Mac Allow Solar Panels

I properties with solar panels owned by the borrower if the borrower owns the solar panels on the property.

Does freddie mac allow solar panels.

Effective for mortgages with settlement dates on and after march 1 2017. Freddie mac purchases mortgages secured by properties with solar panels. Through our greenchoice mortgage offering we are committed to facilitate the financing of energy efficient home improvements and energy efficient homes helping more families attain and. Properties with solar panels freddie mac purchases mortgages secured by properties with solar panels if the mortgages meet the following property eligibility requirements.

Solar panels are an eligible improvement for greenchoice mortgages. To learn more start with our requirements for properties with solar panels in guide section 5601 2. This is because the property won t be considered livable if your solar panels fail and there s no electricity. With regard to solar the important point to take away from fannie mae s guide is this.

Solar panels also can t be the only source of electricity on the property. Freddie mac believes that reducing home utility costs places families in a better financial situation and helps preserve home affordability over time. If you own the solar panels on the roof of your home you only need to meet the standard eligibility requirements in order for fannie mae to purchase or securitize a mortgage on your property the same requirements that would apply even if you had no.