Free solar panels – has anyone got them?

Free solar panels – has anyone got them?

9:31 AM, 23rd July 2015, About 7 years ago 16

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I own/manage around 40+ properties in the East Midlands and South Yorkshire areas. I’ve heard of free solar panels a few years ago, and made enquiries, but they could not answer my questions about maintenance, insurance, etc, and they had extremely restrictive criteria for installation (e.g. roof direction and inclination), so I gave up considering it for my properties at that time.solar

However, technology has moved on, as have the deals available (and companies providing this), and I’ve now found that I can get free solar panels installed on the roofs of both domestic and commercial premises, where the cost is zero, I would get 50% off the electricity grid tariff, AND the maintenance and insurance is free of charge for 20 years. (Alternatively I can buy the panels and benefit from the feed in tariff).

The free solar panels appear to be a great deal, and offering tenants half price electricity is a big incentive so would attract more potential tenants (great in hard to let areas, or with hard to let properties). So I wondered if any landlords had any recent experience of getting free solar panels, and if so what have been the difficulties or drawbacks?

Many thanks

Robert



Comments

Carol Thomas

9:20 AM, 24th July 2015, About 7 years ago

Hi
This is a very pertinent question for me and I'm so glad someone has raised it. I have just had an offer accepted on a bungalow that has leased panels on the roof. To make things even more complicated, the installer has gone into liquidation and is being dealt with by the receivers.
While we have no problem with the unknowns. I know that at least two sales have fallen through because of it. I am not worried, it is a rental property for my Father to live in and he is grateful for any free electric. My biggest concern is with the mortgage lender coming back to me with a no answer. Any thoughts.......??

Ray Davison

9:29 AM, 24th July 2015, About 7 years ago

Yo=u can only ask them and see. I would do this before you formally apply if there are fees attached to the product as I know some lenders will just not accept it if there is a charge on the property.

Carol Thomas

10:03 AM, 24th July 2015, About 7 years ago

I've asked my mortgage advisor to factor this in before we go any further. It's strange though, because there must be hundreds, if not thousands, of properties that have taken up this particular offer on solar panels! Fingers crossed, dear old Dad is really looking forward to living there 🙁

Ray Davison

10:17 AM, 24th July 2015, About 7 years ago

Many people will just sign up and never look at the implications. It is only when they try to move that it will hit them!

Annette Cranstoun

7:10 AM, 26th July 2015, About 7 years ago

I would be extremely wary. We had free solar panels fitted to our property which included a 25 year lease for the airspace above the roof. Fitted by a reputable company.
We did not have a mortgage so did not have to obtain permission from a lender.
We are now trying to sell the property and have had two buyers drop out due to being unable to obtain a mortgage as the lenders consider it is leasehold.
It is an ex authority, 2 bed house with half an acre. Built in the 1960's,
These sales have now been ongoing for six months.

Rachel Hodge

21:07 PM, 10th March 2016, About 6 years ago

I'm constructing an extension to my home currently, and would like to get some advice on solar panels to a flat roof area.

Can anyone recommend a reliable company?

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