In Part I, I looked at the Feed In Tariff (FIT)Sche what it is as well as the rewards to be derived from this sort of sche. In this article I will be exploring the mon pitfalls and to consider when considering subscribing to such a sche. In Part III, I will look at the Legal Pitfalls of signing up to a FIT sche.
If you own your own property and have solar panel systems fitted to the roof of your property under the terms of FIT sche this will offer you use of free electricity and also you would also receive feed-in tariffs (FITs); but what are the mon Pitfalls?
The Benefit from Free Electricity
The electricity made by the solar power systems will be created during the daylight. This energy cannot be stored. If you are not at your ho during the day or are unable to set your appliances to make use of the electricity in the dayti there’ll be a significant amount of surplus electricity. Within the FIT sche the installing contrtor sells the surplus electricity to the National Grid. This could an that as you do not use the electricity created by way of the residential solar panels Joe Dumars Jersey , just the installing pany will benefit financially from the sche.
The Effect on the Value of your ho
Installing the solar power panels may effect the value or saleability of the ho. The FIT Lease may very well be for a term a minimum of enty five years. Your property will thus effectively have a sitting tenant, this being the solar power systems.
Whether or not the solar panel systems effect the saleability of the house is dependent upon:
* The sort of property * The ple that the solar panels are sited and whether they are noticeable from the road. * Whether these sort of panels are mon in the area market, especially on that sort of house or property. * The financial benefits that are available to the owner of the property under the FIT Lease . * The point of view of likely lenders.
The Effects on the Structure of the property You must check with a Surveyor, whether or not the roof structure is capable of bearing extra weight of the Solar Power Panels and that the thod of atthnt to be utilized will not cause problems such as water ingress. Even though installing pany will do a survey, you must rember that this is for their purposes and will centre on ftors such as whether the panels will get direct sunlight and whether they can hook up with the National Grid easily. It is un
