Selling a house with Solar PV

WoodyAllenJesus

Hi All,
We are about to put our house on the market, it's fitted with 4kw panels we own, which were installed in Sept/Oct 2011 so we are on the higher rate FIT tariff. They cost 12k to install, and we haven't broken even yet, but we need to move so we are just going to have to cut our losses.


My initial thoughts are that the future income from the panels should be reflected in the house price. With 19 years left to run on the contract there's 35k+ of income in them, but I don't want to lose potential buyers who don't understand the system.


I have a few queries.
1) I would welcome experience/advice from anyone who has sold a house with owned solar PV, in terms of how much (if at all) you 'added on' and whether you feel this was a good move or not


2) I am struggling to find current FIT tariff from any official source. I know potential buyers will want to know this info. I've found a blog stating 50.67 pence but I can't find this anywhere else. We don't get the export value (for complex reasons I won't go into).


3) I know that potential buyers will want to know what happens at the end of the contract and to my shame I don't know the answer to that. I guess you stop getting the FIT tariff but still benefit from the generated electricity, is this correct?


Thanks in anticipation of any replies.

groovyf

I expect to be in a similar position soon-ish myself. Very close to putting my house on the market.
Panels on for 3 years and fully owned.

Ectophile

Don't you have any statements from your FIT provider telling you at what rate you're being paid? The FIT statements I receive from EDF every quarter show the pence per unit for both the FIT and the deemed export.

Oscargrouch

WoodyAllenJesus wrote: »

Hi All,
We are about to put our house on the market, it's fitted with 4kw panels we own, which were installed in Sept/Oct 2011 so we are on the higher rate FIT tariff. They cost 12k to install, and we haven't broken even yet, but we need to move so we are just going to have to cut our losses.


My initial thoughts are that the future income from the panels should be reflected in the house price. With 19 years left to run on the contract there's 35k+ of income in them, but I don't want to lose potential buyers who don't understand the system.


I have a few queries.
1) I would welcome experience/advice from anyone who has sold a house with owned solar PV, in terms of how much (if at all) you 'added on' and whether you feel this was a good move or not


2) I am struggling to find current FIT tariff from any official source. I know potential buyers will want to know this info. I've found a blog stating 50.67 pence but I can't find this anywhere else. We don't get the export value (for complex reasons I won't go into).


3) I know that potential buyers will want to know what happens at the end of the contract and to my shame I don't know the answer to that. I guess you stop getting the FIT tariff but still benefit from the generated electricity, is this correct?


Thanks in anticipation of any replies.

Hi,
Would the would-be purchaser of your property get the FIT payment or would they be in a similar position as you are..i.e. don't get it?

It would be usefull if you could show how much in the past the panels had generated both in savings of energy cost & income.

At the end of the 25 yrs, all you get is the saving from your Lecci bill.

HTH...

legoman62

WoodyAllenJesus wrote: »

Hi All,



I have a few queries.
1) I would welcome experience/advice from anyone who has sold a house with owned solar PV, in terms of how much (if at all) you 'added on' and whether you feel this was a good move or not


2) I am struggling to find current FIT tariff from any official source. I know potential buyers will want to know this info. I've found a blog stating 50.67 pence but I can't find this anywhere else. We don't get the export value (for complex reasons I won't go into).


3) I know that potential buyers will want to know what happens at the end of the contract and to my shame I don't know the answer to that. I guess you stop getting the FIT tariff but still benefit from the generated electricity, is this correct?


Thanks in anticipation of any replies.

I would have thought that by now you must be close to recouping your initial outlay, if you include savings on Electricity and gas. My panels were installed in Nov 2011 and I’ve received over 78% of my outlay in FITs + reductions in my energy bills.


1) I have just assisted someone in selling their house and I believe estate agents still do not know/understand the benefits of solar PV. Two estate agents estimates were obtained. 1st estate agent did not add any value for the panels. 2nd said they were an asset to selling and suggested a higher selling price. Obviously the 2nd agent was chosen.
The 4Kw system was installed in July 2014 and receives approx 17p per kWh inclusive of export payments. I printed all the FITs payments received and left an estimate of expected income from over 17 years. FITs + possible energy savings + inflationary increases equating to approx £17,000. I also explained that the system had a 10yr warranty with our local installer(still in business).

2) FIT rate is 50.67 pence.
https://www.ofgem.gov.uk/publications-and-updates/feed-tariff-fit-tariff-table-1-april-2017

3) Yes, you are correct. The FIT payment stops but you will still have the benefit of free electricity.:D

House actually sold for more than 1st agent suggested:)