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Solar Panels adding value?
Comments
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To me, they are a big turn-off, and paying extra cash up-front for a house with them on the promise of big returns in the future is a gamble."You were only supposed to blow the bl**dy doors off!!"0
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maninthestreet wrote: »To me, they are a big turn-off, and paying extra cash up-front for a house with them on the promise of big returns in the future is a gamble.
Turn-off, fair enough personal opinion.
However the only significant gamble is the cost of maintenance. Generation output is fairly predictable on average and the contract is in place for 25 years index-linked to RPI.0 -
I would not buy a house with solar panels so it would not devalue for me it would simply not even be viewed.0
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An early installation will be on a generation tarrif of circa 45p per unit and generate an income of £1200-£1500 per year in addition to saving on bills.
Ask to see details of the MCS Certificate and the FIT contract and ensure that the FIT contract is transferable to you.
Bear in mind that the FIT contract only runs for 25 years so you will still be responsible for maintenance. It should have cost no more than £12-£15k new so a few years in, even if everything is ideal, it would add less than that. I would say £10k absolute max for a 4kWp system on the top tariff.
My parents had solar panels installed on the top end 'feed in' tariff (think it is called that anyway) in May earlier this year just before the 'good deal ended'. They have them on the whole front-facing roof of the house, it cost £7k I believe. They will also be paid off within 7-8 years max.
They suit the house well, they live in a new build from 1998 and it all looks very modern and cosy!0 -
If the home owners owned the panels, it was a decent system and was on the better tarrif rate, which is no longer available, I'd probably pay a small premium, a few grand or so.
If the panels weren't owned by the property owners I wouldn't consider the purchase at all.0 -
But people don't need to understand and know the facts - if they don't like them, they don't like them! It's like saying we should all drive around in a Prius. I don't like those either and have no desire to find out how much more environmentally friendly they might be (mpg, emissions, etc etc). Ain't gonna happen. My brain's fogged up with enough info, without having to learn about things I will never (through choice) own.
Jx2024 wins: *must start comping again!*0 -
I don't like them either......we have always bought period houses and hate to see solar panels on anything other than an ultra modern place - which we wouldn't be interested in anyway. We currently live in a thatched house so don't think they'd be appropriate.......:o:pMortgage-free for fourteen years!
Over £40,000 mis-sold PPI reclaimed0 -
But people don't need to understand and know the facts - if they don't like them, they don't like them! It's like saying we should all drive around in a Prius. I don't like those either and have no desire to find out how much more environmentally friendly they might be (mpg, emissions, etc etc). Ain't gonna happen. My brain's fogged up with enough info, without having to learn about things I will never (through choice) own.
Jx
Dont like them? ... fine, personal preference, totally accept that.
So you don't then need to go on to make assumptions like "Am sure it takes donkey's years to recoup the money spent on what you save on bills" which is just inaccurate and misleading.0 -
I shall possibly have them. My situation makes them a pretty good option and the installation cost has fallen dramatically since the 'best deal' ended.
Put it another way, I have to put in a new heating system, so what am I going to choose? (No mains gas here) Oil? Pellets? GSHP? ASHP? Those are the choices.
It isn't going to be oil, anyway.
After reading this thread, I think mine might be ground-mounted!:rotfl:0 -
To answer more of the OP's question, the existence of solar panels tells you nothing and without knowing:
who installed them
what brand they are
what deal is linked to them
what guarantee comes with them
you are really in the dark.
It's best to remember that not all the installers did a good job and panels are certainly not all created equal.
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