Buying a house with solar panels

Krakkkers

OP said install was 2017 and then said 25 year FIT but a 2017 install would be 20 years and quite a low FIT.

Alnat1

I still think you say no and call his bluff. It will be way too much hassle and cost to remove them and he'll come up with a better deal.

Petriix

Solarchaser said:

Petriix said:

Officer_Dibble said:

Petriix said:

If I was selling, I'd expect my 2017 3.42kWp system to add about £2,750 to my house value. If someone insisted on less than that, I'd consider taking them down.

£3,000 is probably about right.

You'd consider going to the expense of removing the panels and making good the roof to be left with a load of panels with very low second hand value, rather than accept an offer you deem too low? Isn't that cutting off your nose to spite your face? Because you (or at least most people) wouldn't do that, the offer can be relatively low, whilst not being so low that you'd wind the vendor up too much.

While I always enjoy a good Duckworth Lewis comparison, I think Solar Panels have more in common with the new car driven off the forecourt, with an instant drop in value once they're 2nd hand. Obviously their life expectancy is rather longer than a car's, but that's balanced by the difficulty of prising them off a roof rather than just calling up Rylan's garage. The new car comparison hasn't worked for the last couple of years thanks to their scarcity, but it does most of the time.

To be perfectly honest, I'm fairly sure that I would actually refuse to sell to anyone who was stupid enough not to realise the value of the energy efficiency measures I've implemented - I would actually tell them to go buy a different house. However, I wouldn't be trying to charge extra for the solar panels as a separate item, like everyone says: it's part of the overall package. But I'm not planning on selling anytime soon. 

So you are paying the asking price and have signed.
Oh no hold on, you don't understand that I've put extra insulation in, right that's it, I'm not selling. 
🤣🤣🤣🤣

No, because my asking price would include everything. It's just that my asking price would be increased to reflect the energy efficiency.

2nd_time_buyer

Alnat1 said:

We did swipe the underlay and put the carpet back down when we sold our first house......

House we'd bought needed total back to brick renovation and we had a toddler. Used the underlay as carpet for her to play on until each room was clean enough. 

You are a bad, bad person :-:smile:

Ram_Tungala

Thanks for your kind replies and support. I had a word with vendor today and they are mentioning now the FIT can't be transferrable to new home owner(I don't know with whom they spoke to). I agreed to purchase the solar panels for £5000 including FIT. Now they are saying FIT might not be transferrable(they are still confirming via email though). They are mentioning that I might get Smart Export Guarantee (SEG).

I thought FIT can be transferable to new home owner? If yes, can anyone provide me a proof of reference document please?

In case of No, kindly suggest me the best options please!

henrik777

Ram_Tungala said:

Thanks for your kind replies and support. I had a word with vendor today and they are mentioning now the FIT can't be transferrable to new home owner(I don't know with whom they spoke to). I agreed to purchase the solar panels for £5000 including FIT. Now they are saying FIT might not be transferrable(they are still confirming via email though). They are mentioning that I might get Smart Export Guarantee (SEG).

I thought FIT can be transferable to new home owner? If yes, can anyone provide me a proof of reference document please?

In case of No, kindly suggest me the best options please!

https://www.ofgem.gov.uk/environmental-and-social-schemes/domestic-renewable-heat-incentive-domestic-rhi/participants/change-ownership

1961Nick

Ram_Tungala said:

Thanks for your kind replies and support. I had a word with vendor today and they are mentioning now the FIT can't be transferrable to new home owner(I don't know with whom they spoke to). I agreed to purchase the solar panels for £5000 including FIT. Now they are saying FIT might not be transferrable(they are still confirming via email though). They are mentioning that I might get Smart Export Guarantee (SEG).

I thought FIT can be transferable to new home owner? If yes, can anyone provide me a proof of reference document please?

In case of No, kindly suggest me the best options please!

£5000 still sound like far too much. The inverter will be 6 years old & towards the end of its life so you should budget £1000+ for a replacement. £2500 - £3000 would be much nearer the mark.

Petriix

The FIT absolutely is transferable and would be a major red flag for me. Get your solicitor to ensure all the paperwork is done before you complete. 

£5k is probably a bit of a rip off, but you should still benefit at that price. £4k would be my upper limit and I'd probably be backing out of the purchase over the difference, especially against the backdrop of falling prices. 

Spies

Should have called his bluff and threatened to back out 

Alnat1

I agree with Spies, they can't take the panels with them, they are part of the building. Simply say you are no longer prepared to pay extra for them. They aren't worth what is being asked.