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Are Solar Panels worth it now?


Tony K

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  • 5 weeks later...

The original poste4 asked if solar panels are worth it?

 

according to the latest advertisement on my Facebook feed the answer is YES!

 

New Grid Trade Tariffs Available Through Solar Panel Funding Just Made Solar Even More Profitable. With Absolutely No Upfront Costs, Homeowners Could Receive Up To £18,160 In Incentives & Savings. 
? Up to £6,464 Paid directly to your bank account (TAX FREE)
? Up to £11,695.50 In electricity savings

 

WOW... where do I sign up?

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24 minutes ago, Nickfromwales said:

Wasn’t there some ‘scheme’ where you rent out your roof space? Assume that was when FiT was high ?

 

There are still similar schemes for ASHPs. They take the RHI, you get the heat pump to use. 

 

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The problem with the "rent a roof" schemes was that they impacted negatively on property prices.  Buyers weren't keen to buy a house where they weren't able to change or remove the solar panels, as they remained the property of the "rent a roof" company.  IIRC, the penalty charges for having the panels removed were also pretty punitive.  Some of these installations date back to when the FIT scheme ran for 25 years, rather than the 20 years it runs for now (until it's closed to new applications next year).

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16 minutes ago, Nickfromwales said:

I could live with that. 

 

Can be an issue when coming to sell. 

 

Important questions to ask the panel company are

1. Does the lease conform to CML (Council of Mortgage Lenders) Handbook minimum requirements?

 

https://www.cml.org.uk/lenders-handbook/solar-panels-and-the-lenders-handbook/


2. Does the lease contain a valid mortgagee break right which is exercisable on repossession?

 

https://www.cml.org.uk/lenders-handbook/englandandwales/question-list/2115/


3. Do you have a list of mortgage lenders who have accepted your leases in the past?

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