Are you considering generating your own energy? With solar power panels you can benefit from feed-in tariff (FIT) in your electricity bills. ) Electricity suppliers offer credit to customers for unused electricity, which solar power panels send to the power grid.
Solar power panels are a healthier contribution to our environment because they do not produce green gases. If climate change is something you care about, then solar power panels is an option to consider. The other advantage is that as you’re producing your own energy, your electric bills will be considerably cheaper.
There are two ways to get solar power panels. You can buy them upfront, which means that you own them and are entitled to remove them when you move into a new home. You can lease them from a provider, which means that they own the panels, so if you move, you have to return them to the leasing company.
Solar power panels could add value to your property but it does depend on who’s buying it. If the buyer isn’t interested in the panels, you’d have to remove them and the property price would have to reflect that. If the panels are leased, then it would simplify things for you because you’d either end the lease or continue leasing, but the panels would have to be transferred to the new home. If the buyer is interested in the panels, then the value of your property will increase.
If you are planning to buy a property with solar panels or are planning to install or lease solar power panels, you need legal advice from property solicitors. Whilst solar panels are an attractive investment, we strongly recommend you should take legal advice from property solicitors. This will help you understand areas such as the importance of planning permission.
Please get in touch for an informal discussion prior to making any decisions that may impact on your property’s value. SG
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