What happens to the feed-in tariff when you sell your house
Posted by Cathy Debenham on 11 November 2011 at 4:53 am
Can I continue to receive the feed-in tariff payments on a solar PV or wind turbine installation after I've sold the house, is a question I'm being asked more often. My understanding of the original plans for feed-in tariffs (Labour's document) was that when someone sells their house they would sell the PV equipment, and the right to receive the feed-in tariff payments, with it.
However, there are a number of stories about it being possible to retain ownership of the panels and the feed-in tariff payment circulating, so I asked Ofgem whether there is an official line on this?
Ofgem's response is as follows:
"Under the Feed-in tariff (FIT) the owners of installations are able to nominate others to receive the FIT payments so the scenario described above is valid, but very unlikely as usually if an installation is sold as part of the house sale then the new FIT Generator (legal owner) can and will nominate someone else to receive payments.
"I’d imagine this arrangement would be subject to contracts between the old and new owner of the house/installation."
So if you get the paperwork right, it is possible. But my guess is that it's not going to make it easier to sell your house. It's like a rent a roof scheme, but without the reassurance of a contract with an installer that makes them responsible for maintenance and upkeep of the panels.
If I was the buyer, I wouldn't be keen. I'm also pretty confident that anyone needing a mortgage would find their mortgage company unwilling to play ball. But if you've got experience of such a situation, do let us know in the comment section below.
To see more information on the feed-in tariff and selling your home, click the link.
Photo by jetsandzeppelins
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