Leasing Solar Panels Uk

Leasing solar panels get solar panels for your business with a no fuss low cost lease from westwon.

Leasing solar panels uk.

While there are countless misconceptions about solar projects and solar panels they are actually fantastic neighbors for anyone. The rent a roof solar scheme allows you to power your home with free electricity without having to buy solar panels. It would pocket the newly introduced. The cost would have been a prohibitive 12 000 so she signed a deal to lease part of her roof to a solar power company which would fit the panels for free.

Leasing is a contractual agreement between a company providing the solar installation the lessor to the company or individual acquiring the solar installation the lessee based on regular payments of lease rentals. If you spread the cost over a term of 1 to 5 years you preserve your cashflow and fund your solar panels in a smart affordable way. The solar panels become the property of the purchaser after the funds are transferred. Solar projects have a short construction period typically lasting no more than two or three months.

Many homes fitted with solar panels will have had them installed free of charge by a solar power company. The homeowner then leased the panels to the power company usually for a 25 year term. The homeowner enjoys low energy bills plus the prospect of the feed in tariff after 25 years. You make monthly payments for the panels and are entitled to all the electricity they produce.

Solar leasing is a lot like a lease on a car. You lease the solar panels and receive all the energy they produce but do not own the panels. The homeowner will have leased the panels from the solar power company usually for a 25 year term who then has the right to the feed in tariff payments. Most lease providers provide the option to buy the panels at the end of the lease term at a discounted price.

Purchasing a set of solar panels is a big financial commitment for any business. However the company installing the panels will keep the lucrative feed in tariff payments.