new solar panels

Cardew

sheffield_lad wrote: »

Again you proof my point, millions go away on holiday to med destinations with absolutely no risk but a very small percentage may be of risk in some less popular places. Yet folk still won't have ice or eat salad in Spain because of a daft rumour they heard 30yrs ago lol.

It's time for the rent a roof mortgage myth to buried but I bet we still hear the same warnings in 10yrs time.

Some people won't have ice or salad when visiting South Yorkshire;)

Cardew

Incidentally someone has just posted this today on the thread I linked to earlier:

I have pulled out of two house purchases now due to complications around
solar panels which both had so called "transferable lease deals" I did enquire
how much it would cost to remove the panels from one of the houses we really liked, but thanks to a couple of sneaky clauses in the contract would mean paying out the value of the lease deal to the solar company who installed the system, and now wouldnt touch a house that has them fitted.

sheffield_lad

Cardew wrote: »

Incidentally someone has just posted this today on the thread I linked to earlier:

Yes but what complications? Sounds more like a rant over rent a roof schemes.

I will have a look over see what he/she is actually moaning at but it is well known but if you have them on the roof of the house your buying you can't just remove them lol.

Cardew

sheffield_lad wrote: »

Yes but what complications? Sounds more like a rant over rent a roof schemes.

I will have a look over see what he/she is actually moaning at but it is well known but if you have them on the roof of the house your buying you can't just remove them lol.

I have no idea of the complications that poster experienced.

I accept that many of perceived problems turn out to be non-problems.

However there are enough posts on MSE, on other websites and in the media to concern prospective buyers, especially if they get warnings from solicitors.

Sheffield is the stamping ground of A Shade Greener with a lot of experience in the Rent a Roof business and they have taken the trouble to deal with any problems Building Societies might have with the lease.

Personally I also find it unlikely that many prospective buyers would be happy for a lease to be on their roof for the meagre reward it offers.

sheffield_lad

Cardew wrote: »

Personally I also find it unlikely that many prospective buyers would be happy for a lease to be on their roof for the meagre reward it offers.

I don't find this in fact I find the opposite often the buyers are interested in the panels and want to know how they work. When you then explain the benefits (cheaper electric), and sometimes but not always mention the meter has no backstop becomes the icing on the cake.

Think of it another way you buy a leasehold house you don't stay up at night worrying about it do you? Too many folk think free means catches but the solar offering represents significant savings over the years especially if folk take advantage of the panels in the day.

Siberianski

my neighbour could be exaggerating but he did state what i said

correct my neighbour does not have solar thermal. He makes a saving by putting his immersion heater on a timer between i am sure he said 12-2 when he is at work. He turns off all none essentials appliances bar his fridge etc. And on a night baths/showers/washing dishes etc all the water comes from the preheated tank.

Siberianski

Well we are gutted it was an utter waste of time

Our mortgage lender ge money declined us having the panels we are gutted. Is a joke really I was on the phone to ge money yesterday as we have some arrears on the mortgage about 200-300 which we are gradually paying back.

I was on the phone to our mortgage lender yesterday doing a financial review ie income expenditure. We have cut costs everywhere we can Ie I have switched gyms/my partner has stopped smoking/ we have changed to a cheaper broadband provider and tv provider. I even said to ge money we weren't going to switch gas/electric as we were looking into getting solar panels guy yesterday never said a word.

Then I get the decline letter today from a shade of greener

Siberianski

If we did look at other mortgage lenders any ideas which lenders accept these

Buzby

Of the firms I spoke to, all did not view solar panels as anything other than a liability (as opposed to an asset). Indeed, the ever-falling payments from feed-in rates and other schemes where you lease out your roof space are all big warning signs to lenders.

Having an agreed repayment plan for a previous delinquency is just the icing on the cake. Only a very few early adopters were in any position to benefit - and a friend is now worried his panels will need replacing as their efficiency has fallen by 45% after just 5 years.

Cardew

Buzby wrote: »

Of the firms I spoke to, all did not view solar panels as anything other than a liability (as opposed to an asset). Indeed, the ever-falling payments from feed-in rates and other schemes where you lease out your roof space are all big warning signs to lenders.

Having an agreed repayment plan for a previous delinquency is just the icing on the cake. Only a very few early adopters were in any position to benefit - and a friend is now worried his panels will need replacing as their efficiency has fallen by 45% after just 5 years.[/QUOTE]

Whilst panel efficiency does drop slowly, it shouldn't drop by anything like 45% in 5 years.

I suspect he has problems with a 'string' of panels. They are normally connected in a 'chain'(string) and if there is a fault with one panel, the whole output from the string can be lost. This can apply if one panel is in shade, and trees can grow a lot in five years.

Much as I think that 'Rent a Roof' panels give very poor reward to the house owner, the falling FIT rates do not affect the house owner.