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Selling a house with solar panels - transferring to FIT to new owners
cannonballdaze
Posts: 73 Forumite
in Energy
Hi, I'm selling my house including the solar installation - which is on the highest FIT rate.
Does anyone have experience of doing this and did they come up against any problems in the process.
EDF pay me the FIT income although the house is on a British Gas tariff.
Any advice gratefully received. Cheers - Joe
Does anyone have experience of doing this and did they come up against any problems in the process.
EDF pay me the FIT income although the house is on a British Gas tariff.
Any advice gratefully received. Cheers - Joe
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Comments
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Inform EDF once you have completed, and give them the name of the new owner. Give the new owner the account and contact details.No free lunch, and no free laptop
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You can keep the FIT if you want to. It's normal to include the FIT with the sale of the house but no essential. Numerous companies own the FIT without owning the house, including companies that were not the installers.
In our case, the FIT would provide over £20,000 over the next 15 years and the buyers could not afford to pay more than the house alone was worth so we agreed to retain the FIT and the solicitors sorted that.0 -
I bet you took the light bulbs as well.1
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What would happen if any part of the solar system broke. Presumably you're still the legal owner so would be liable for any costs. What do you plan to do when the FIT scheme comes to an end?0
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Kevin_SS said:You can keep the FIT if you want to. It's normal to include the FIT with the sale of the house but no essential. Numerous companies own the FIT without owning the house, including companies that were not the installers.This will need a rent-a-roof agreement and many buyers would be wary.Many sellers with existing rent-a-roof contracts find they have to buy out the contract in order to sell.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Shell (now TT) BB / Lebara mobi. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!0 -
Not really your just the person who the payment goes to, when the house is sold and no caveats are in place win win.0
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Your equipment is attached to some one else roof. If the FIT Licensee cannot access to do biennial check your payments will stop, also the new home owner may decide to switch off generation meter or it may stop recording correctly. How can you take actual reads to claim the FIT payment? How will you maintain your equipment? Your Solicitor has not thought this through.35k savings no debt0
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