Yes. However, you will normally require approval from your tenant beforehand. If you are happy to share the benefit of the cheaper, clean, green electricity with your tenant, then there is little reason for them to object. Specific circumstances will apply and you should contact us for further information.
Normally your building must achieve an Energy Performance Rating of D or higher, although certain exclusions do apply. If required, we will we able to arrange this for you but the solar PV system we install cannot be included in this initial assessment.
By 2018 it will be illegal to lease a property with a rating lower than E, so we recommend all property owners start to consider how they can improve the performance of their buildings and a solar PV system would be one such improvement.
Our remote monitoring equipment will alert us to a fault immediately and it is our responsibility to resolve the problem through our long term operations and maintenance contract. To minimise the risk of any such issues, we only specify and install high quality equipment supported by long term warranties and guarantees.
Typically we are able to achieve savings of 10-30% against a client’s grid electricity tariff. The starting tariff (in pence per kWh) is adjusted annually by reference to Retail Price Index (RPI).
It is permitted to terminate the lease at any time during the course of the 25 year term, subject to the payment of an agreed compensation, details of which are calculated on an individual basis for each property and are included in each lease from the outset.
Yes. You will have the option to break the lease and buy the solar PV system from us to receive free electricity and the Feed-in Tariff at any point throughout the term. The price for doing so is set out in the lease and will typically deliver an attractive return on investment no matter when you decide to buy the solar PV system.
If you move or sell your property within the 25-year term, the lease of the roof space and the Power Purchase Agreement are transferred to the new building owner and they will then continue to enjoy the benefits of the discounted clean, green electricity the system generates.
Yes. Before leasing your roof space we will seek consent from any lender who has a legal restriction over the property on your behalf. We have direct experience with most banks and as they are familiar with these schemes it is extremely rare for them to object.
If your repair necessitates the removal of part or all of the solar PV system, we will arrange the removal and reinstatement at our cost. The repair work to your roof is undertaken by you at your expense unless it has been caused by the solar PV system itself, in which case we would be responsible for all work and costs.