The feed in tariff is now closed for new applications.
Buying a house with solar panels uk.
Will you actually own the solar panels.
The clear advantage or immediate benefit of buying a house with solar panels is that you may have energy savings due to all the sunlight the uk gets during the summer but as you know great weather isn t guaranteed in the uk and although buying a house with solar panels may seem like a great idea at first there are certain things to look out for.
Buying a house with solar panels update.
4th january 2019 general pmproperty.
Buying a house with solar panels.
While solar panels have numerous advantages for existing homeowners they can cause a headache for homebuyers.
The best time to sell a house with solar panels is usually between 8 to 15 years assuming that you have received feed in tariffs fit or benefited from free electricity over the years if you had signed up to a lease agreement.
To discuss listing your property or to get further advice on buying or selling a house with solar panels call us on wokingham 0118 977 6776 or crowthorne 01344 779 999.
If you re buying a house with solar panels you could find yourself with a problem.
The company will then install the solar panels on the roof but the panels themselves will remain the property of the company.
So many homeowners choose instead to lease out their roof space to solar panel companies.
In 2010 the uk government introduced the feed in tariff fit which was in hindsight so generous that many companies offered to fit solar panels for free.
Please note that the feed in tariff fit scheme closed to new applications on march 31st 2019.
Solar panels are usually fixed to the most southerly facing pitched roof on a house.
Be sure to read over all the agreement details and ask as many questions as you can.
Well over 500 000 properties in the uk now have solar panels installed on their roofs this equates to approximately 2 of the 28 000 000 homes here in the uk.
The presence of the solar panels could have an adverse impact on a mortgage lenders security therefore when installing the panels the home owner should have obtained their lenders consent.
Buying a house with solar panels important notice about this article.
However just because the panels are fixed to the property s roof it doesn t necessarily mean that they belong to the property owner.
Buying a house with solar panels might be worth it choosing whether to buy a house with solar depends on the financing and if a lease or ppa is involved whether the agreement and installation fit your life.
When purchasing a property with the assistance of a mortgage and where there are already panels installed there are certain requirements issued by the council of mortgage lenders that the lease must comply with.
To find out about the new scheme designed to replace it click here.
Rent a roof schemes.
