Removing Leased Solar Panels

Estimates vary but experts agree that when you own your solar panel system you actually increase your home s value.

Removing leased solar panels.

Best ways to pay for your panels cash. Leasing solar panels can actually be a liability if you try to sell your home. You can learn more about the feed in tariff by clicking here but basically it was a payment made by the government for producing electricity with solar panels initially the fit was extremely generous with each unit of electricity produced by the solar panels being worth approximately 43 pence. A very expensive fix fiona baker is similarly trapped after agreeing to leased solar.

Solar leases are complicated by the fact that there is often a long 20 year lease involved with the contract. For instance a homeowner in portsmouth uk found himself facing a nearly 16 000 charge for removing his panels a year into his contract. Also if you have to sell your home a solar lease can scare prospective buyers. Usually a buyout is allowed after 5 to 7 years of the lease.

If you purchase your solar panel system you can add anywhere from 15 000 to 23 000 to your home s value. We are therefore arranging to remove the solar panels ourselves and will put them back when completed. When under a lease agreement the first bill is always generated for 2 months. This agreement also includes a performance guarantee to give you extra comfort in your system s performance.

If you are getting rid of leased solar panels. Free solar panels were popular almost the minute the feed in tariff was launched. Most solar leasing companies do include a buyout period and price in their agreement. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat.

If you are attempting to remove your solar panels before the lease ends then you will probably be in for a world of hurt when trying to get out of your contract. I have a lease agreement why is my first bill for two months. This one is tricky. When you re selling a home with a leased solar panel system on the roof there are options outside of canceling the leasing arrangement.

In this case you can prepay the balance on the remaining lease and have the solar panels either removed or left on the house. For instance if you installed panels on your home as part of a solar lease or other agreement you could be charged fees for removing the panels before your contract has ended. You may be able to transfer the lease to the new homeowner buy out the remainder of the lease and have the system removed or purchase the solar panel system at market value and leave it on your roof.