Leasing Solar Panels Uk

Purchasing a set of solar panels is a big financial commitment for any business.

Leasing solar panels uk.

Solar leasing is a lot like a lease on a car. Many homes fitted with solar panels will have had them installed free of charge by a solar power company. 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. The homeowner enjoys low energy bills plus the prospect of the feed in tariff after 25 years.

The solar panels become the property of the purchaser after the funds are transferred. Leasing is a contractual agreement between a company providing the solar installation the lessor to the company or individual acquiring the solar installation the lessee based on regular payments of lease rentals. The rent a roof solar scheme allows you to power your home with free electricity without having to buy solar panels. While there are countless misconceptions about solar projects and solar panels they are actually fantastic neighbors for anyone.

However the company installing the panels will keep the lucrative feed in tariff payments. You have likely heard the concern that there are solar land lease issues associated with a solar lease agreement. You make monthly payments for the panels and are entitled to all the electricity they produce. If you spread the cost over a term of 1 to 5 years you preserve your cashflow and fund your solar panels in a smart affordable way.

With solar prices at a record low many homeowners are opting to buy the solar panels instead. The homeowner will have leased the panels from the solar power company usually for a 25 year term who then has the right to the feed in tariff payments. Solar projects have a short construction period typically lasting no more than two or three months. Leased solar panels fully owned solar panels in most cases where solar panels were installed the panels were fitted free of charge by a solar power company.

Leasing solar panels get solar panels for your business with a no fuss low cost lease from westwon. Most lease providers provide the option to buy the panels at the end of the lease term at a discounted price.