How To Get Out Of A Solar Panel Lease Uk

It states that we have to compensate the company for the loss of their feed in tariff we know this will be around 20 000.

How to get out of a solar panel lease uk. Difference between leasing vs buying solar panels. You can buy out the remaining part of a solar lease payment. The key to finding out whether leasing is better than buying is to find out the total cost of ownership over time usually the lease or loan period. Get your solicitor to look at the solar panel lease before you make an offer.

I ve just spent the last 4 months attempting to get the solar panel company to remove their panels in order for me to carry out roof repairs and fix a water ingress problem. Many homes fitted with solar panels will have had them installed free of charge by a solar power company. You may have one two or all three of these options available depending on the leasing agreement you signed. There may be a buy out clause sometimes leases contain buy out clauses meaning the new owner can buy their way out of the lease.

Get a bespoke solar panels quote for your home from a leading local installer by completing the form at the top of this page. Rent a roof scheme in 2010 when the government first launched their feed in tariff funding for solar panels the tariff payments were so generous that many installers were happy to offer free solar panels through a rent. That can then be reduced to a periodic probably monthly cash flow to see what the regular cost of leasing is as compared to the regular cost. The homeowner will have leased the panels from the solar power company usually for a 25 year term who then has the right to the feed in tariff payments.

We have tried to buy out the panels as per a clause in the lease. Purchase the solar panels system at the market price. The buy out premium is usually the cost of the installation typically 10 15k plus a premium. When you re selling a home with a leased solar panel system on the roof there are options outside of canceling the leasing arrangement.

Getting out of a solar lease. The cost would have been a prohibitive 12 000 so she signed a deal to lease part of her roof to a solar power. I purchased my property around 6 years ago and naively took on a leased solar panel contract we live and learn. The homeowner enjoys low energy bills plus the prospect of the feed in tariff after.