We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Solar panels as a tenant
Options
Comments
-
yes, all green deal installation costs plus hefty interest charges are paid for by the tenant (current and future) through higher energy bills.
So before you do anything ask the assessor if they are doing a green deal assessment and if they say yes then show them the door pronto!0 -
If it's a Green Deal loan, there is supposed to be a Golden Rule. The repayments and interest for the loan are attached to the electricity meter. So, whoever lives there pays the repayments and interest. If a tenant moves on, then the next tenant pays.
The Golden Rule is that fuel bills are no higher than they would have been previously, because the energy saving is equal to, or greater than, the cost of interest and repayment of the loan.
Has anybody seen one of these contracts, or got further details of the calculations for what the energy savings are? How are the energy savings equated to servicing the loan in what is likely to be a period of rising energy costs?
What happens if the property is sold? Does the Green Deal loan have to be cleared at the time of sale?0 -
Bluebonnie wrote: »What happens if the property is sold? Does the Green Deal loan have to be cleared at the time of sale?
It will stay with the property so like a tenant, the new owner will be paying the loan through their fuel bills. Green Deal will stay with the property for the life of the loan (though I'm unsure if an owner can buy themselves out of the loan).We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards