Energy schemes bring warning
THE Royal Institution of Chartered Surveyors is warning homeowners to be vigilant when opting to let their roof space for green energy schemes, as doing so could violate mortgage terms and put a property’s saleability at risk.
Many companies are now looking to benefit from the coalition Government’s Feed in Tariff Scheme (FIT) by renting roof space from homeowners to host solar panels. Under the scheme, the leasing company can then sell the generated energy to power suppliers for a profit.
With many leases running for up to 25 years, often without a break clause, homeowners can find themselves tied to agreements which could put them in breach of their mortgage arrangement.