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Selling Your FIT For A Lump Sum?

A 1 minute read

Did you know that there are now several organisations that will buy the balance of your Feed In Tariff (FIT)?

The lump sum can be offered to anyone who owns a Solar PV array and is receiving FIT payments from their Utility company. In return as a homeowner, you pass over the ownership (and maintenance responsibility) of your Solar PV panels and infrastructure to the finance company. The finance company will arrange a lease agreement meaning that they will claim the FIT for the remaining duration of the agreement.

The Pros:

  1. The lump sum is paid almost immediately.
  2. No more meter readings for the homeowner to report.
  3. This can be done before selling your home, ensuring that the investment returns to the investor.
  4. No future maintenance worries. Inverter replacements become the responsibility of the leaseholder.
  5. The homeowner still receives the self-usage benefits of a Solar PV array.
  6. The lump sum could be reinvested into battery storage to maximise the self-use benefits.

The Cons:

  1. The homeowner doesn't receive the remaining FIT.
  2. The Lump Sum is not equal to the full value of the FIT when claimed over the lifetime of the scheme.
  3. Roof maintenance issues could become more complicated for the homeowner.

If you would like to know more about these products please feel free to contact us or comment below.


 

15 St. John's Street
Newport Pagnell
Bucks, MK16 8HE
United Kingdom

Telephone: 01908 915 565
Email: info@thegreenwaysolar.co.uk

Telephone: 01908 915 565
Email: info@thegreenwaysolar.co.uk