What happens when you move into a house with solar panels depends on whether the system was purchased or leased.
Moving into a house with solar panels.
When you purchase a home with pace financed solar panels the payments become your responsibility.
Moving house brings with it a mixed bag of emotions it s exciting but also stressful at the same time.
Moving into a house that s already got solar is something that must happen a lot.
Going solar is a great investment in your home even if you re moving before the end of the solar panel system s life.
You might need to buy out the lease first.
Moving into a home with solar panels.
The payments are made through your property taxes.
You just need to know solar energy has financial benefits that will save almost all.
There are a few factors to consider before entering an agreement to buy a house with solar panels and they owner installed solar panels through a loan you don t need to worry.
From next week i m moving to newcastle and will be living in a home with solar panels on the roof.
While it s likely that solar panels will be an asset to your home s sale it s also possible that you ll run into some complications specifically with leased solar panels.
Blog post friday 16 september 2016.
On average aussies move house every 7 years and with 1 in 5 aussie households now having solar panels on their roof it s no surprise that moving into a house with existing solar happens a lot.
If you stop using power in your house your panels are still making solar power so that extra power gets sent back to the energy grid for which you earn a feed in tariff.
Buying a house with pace financed solar panels.
Can i take my solar panels with me if i sell up and move.
Unlike other solar loans pace financing is attached to a property not to the person who took out the loan.
As with any contract review your financing agreement prior to signing to see if there are any restrictions and be sure to discuss all your options with your solar installer before making a final decision.
Here s a quick checklist.
Understand how the feed in tariff works.
Here are some things to be aware of.
If you are moving into a house that has solar panels installed then it is important to understand what to do to ensure they continue operating at maximum efficiency to provide your new home with all the energy it needs.
There are nearly 2 million australian households with solar on the roof and australians move house on average every 7 years.
According to energy regulator ofgem fit payments are made to the home owner or operator of a solar pv system and as a general rule if you as a home owner were to move house the payments would normally transfer to the new property owners.
If it was purchased you should find out if the system s warranty is transferable.
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