Solar Panel Warning
RICS issues solar panel Warning to would-be buyers of properties with ‘free’ PV panels to be careful; these are those panels that are installed for free by solar companies who then sell extra energy under the Government Feed-in Tariff (FiT) subsidy.
RICS state, ‘Homeowners must be aware that if they have an installation contract that does not meet with the approval of mortgage lenders or purchasers’ solicitors, they may make their properties less saleable and create difficulties when either selling or trying to remortgage in future.’
“It is therefore important that homeowners consult their existing lenders for advice before installing panels, as well as obtaining any other necessary consents, such as planning permission, which will be required in certain cases such as listed buildings.’