Renting Out Roof To Solar

Top 10 facts you need to know about the rent a roof scheme 1.

Renting out roof to solar.

Ideally roofs under consideration for hosting solar energy arrays should be less than 10 years old and fully able to support the array for the lease period. Typically an installation can cost something in the region of 15 000. In case you have signed the solar lease just to find out later that your roof needs to be repaired the solar company allows termination of the agreement under the clause of unexpected and unforeseen additional expenses. The lease or ppa power purchase agreement is structured in a way so that you save a small percentage typically 10 off your electric bill.

A range of companies homesun a shade greener will install free solar panels onto your roof at no cost to yourself. Leasing your solar panels with a fixed monthly lease. Those unwilling to pay the 12 000 or so needed to install solar panels can still benefit by renting out their roof to a solar provider which collects the subsidy and sells the energy on to power. In most cases your monthly bill will rise or fall with the amount of power your system produces.

You pay a fixed price per kwh for power generated by the system. If you have solar panels on your roof the electrons they produce flow across the electric grid like water following a path of least resistance. But landlords and property owners have taken a more tentative approach to the market given the extra effort and investment required to put panels on the rooftop and the lack of readily apparent benefits. A leased roof should be structurally sound.

If taking on some debt is also not in the cards for you renting is your last option. In this case you are effectively renting your roof to a third party who puts solar panels on it. You aren t responsible for maintenance on the panels so there is less risk and you also do not have to pay any money out of pocket but it s the least financially rewarding. An experienced solar provider can help you determine the structural integrity of your roof before engaging in a solar lease agreement.

Solar has taken off in america with more homeowners and tenants benefiting from clean energy and utility bill savings than ever before. You pay a fixed monthly amount to use the energy generated by the solar system on your roof.