Q: What if I want to sell my property?
A: The fund can transfer the agreement to the purchaser or the fund will pay to have the system removed.
Q: Will the cost of the kilowatts that are generated increase?
A: There are two options: fixed rate will be over the entire term of 10-25 years or an index linked variable rate at 3%. You can request a forecast for both.
Q: How long is my Personal Purchase Agreement for?
A: The term is set by the fund from 10-25 years, depending on how long it will take to repay their investment.
Q: Can I buy the system from the fund?
A: Yes. They can give you a purchase price on request. You can also request a loan.
Q: What if my building is to be demolished before the end of the agreement?
A: The fund would remove the solar panels and system at no cost.
Q: Who looks after the servicing of the system and any replacements?
A: The company that installs the solar panels will service them for 2 years. The remaining years of the agreement, the fund will monitor and service the system.
Q: What happens after the agreement ends?
A: You can purchase the system for a fee of £1 or ask the fund to remove at no cost to you.