The Rent-a-Roof scheme lets people who can't otherwise afford solar panels gain access to them, through installers who will setup solar panels on roofs for reduced prices.
How much does it cost to install solar panels on a roof?
1. A range of companies (HomeSun, A Shade Greener) will install free solar panels onto your roof at no cost to yourself. Typically an installation can cost something in the region of £15,000. 2. The panels, installation, maintenance and insurance all come free as part of the package. You don't have to pay for a thing. 3.
Anyone considering agreeing to a lease of their roof space for fitting PV panels should be aware that most lenders' mortgage conditions will require the lender's consent to be obtained to any lease.
What is the lease of roof space for panel installation?
The lease of roof space for panel installation is a relatively new development, triggered by government policies designed to encourage the generation of low-carbon energy.
Technically, they're not paying rent for your roof, because you'll get the benefit of powering your home using solar power instead of grid electricity. They'll make money from the electricity you don't use. All excess electricity generated is sold back to the grid via the Smart Export Guarantee (SEG) scheme.
Should you install solar panels on a commercial rooftop?
If you own a commercial rooftop, either as a long-term tenant or a freeholder, you might consider trying to generate some additional income or saving on electricity bills by having solar panels installed. How does the solar panel installation process work?
Can you buy a house with rent-a-roof solar panels?
Buying a house with Rent-a-Roof solar panels could lead to mortgage complications. For example, if the lease includes maintenance cost obligations, or if there are certain access rights granted to the installer, a mortgage provider could be unwilling to lend.