eshrag
11-25-2018, 09:36 AM
Householders who lease their roofs to power firms find it hard or costly to move home
Julie Griffiths* bought her wanted to reduce her carbon footprint by installing solar panels. The cost would have been a prohibitive £12,000, so she signed a deal to lease part of her roof to a solar power company, which would fit the panels for free. It would pocket the newly introduced feed-in tariffs (FITs) – subsidies paid by the government for the electricity generated. She, meanwhile, would have lower energy bills. At the end of the 25 years, the panels and the tariffs would be hers.
It seemed a win-win situation until recently, when she needed to sell the house. Her buyer’s mortgage application was refused (https://www.theguardian.com/money/2018/jan/31/leasehold-solar-panels-lease-mortgage-house-sale) because of the lease agreement, which had effectively signed over a large part of the roof to the solar company.
Continue reading... (https://www.theguardian.com/money/2018/nov/25/homeowners-trapped-solar-panels)
Julie Griffiths* bought her wanted to reduce her carbon footprint by installing solar panels. The cost would have been a prohibitive £12,000, so she signed a deal to lease part of her roof to a solar power company, which would fit the panels for free. It would pocket the newly introduced feed-in tariffs (FITs) – subsidies paid by the government for the electricity generated. She, meanwhile, would have lower energy bills. At the end of the 25 years, the panels and the tariffs would be hers.
It seemed a win-win situation until recently, when she needed to sell the house. Her buyer’s mortgage application was refused (https://www.theguardian.com/money/2018/jan/31/leasehold-solar-panels-lease-mortgage-house-sale) because of the lease agreement, which had effectively signed over a large part of the roof to the solar company.
Continue reading... (https://www.theguardian.com/money/2018/nov/25/homeowners-trapped-solar-panels)