Solar Panels

In order to be UK Finance Lender Handbook compliant, what is the maximum Lease term for a Solar Panel Lease?

• 7 years

• 20 years

• 25 years

• 30 years

Select all that are required for a Solar Panel Lease to be UK Finance Lender compliant?

• Lease term does not exceed 30 years

• The lease allows for the necessary removal and

  re-instatement of the equipment for essential roof repairs

• The Lease contains a Lenders Break Right Clause

• The equipment will be insured by the tenant (Solar Panel Provider) for the term of the Lease

How would a buyers Conveyancers be notified that the property is subject to a Solar Panel Lease? List all that apply.

• Charges Register of the Official Copies

• Google Earth or the Sales Particular

• Contract

• Section 4.6 of the SPIF (TA6)

• Discussions with the buyer

Is Planning Permission required to install solar panels on the roof?

• Always

• No

• Considered to be Permitted Development in most cases subject to certain conditions

Is Building Regulations required for the installation of Solar Panels on the roof? Select all that apply

• No

• Yes. The ability of the existing roof to carry the load (weight) of the panels will need to be checked

• Building Regulations will also apply to electrical installation

Why is a Microgeneration Certificate Scheme (MCS) required for Solar Panels. Select all that apply

• MCS sets various standards for installers and avoids the need to seek separate building regulation approval

• You can not sell any surplus electricity generated to the National Grid without one

• Its not required

• Only required when the Solar Panels are Leased

If Solar Panels are bought outright, how long would it take for the panels to become profitable?

• 0-5 years

• 5-15 years

• 10-20 years

• Over 20 years

Roughly how long are Solar Panels expected to last for?

• 5 years

• 10 years

• 15 years

• 20 years

If you saw the below Clause in the Solar Panels Lease, what would this mean?

• Lenders Brake Right Clause

• Tenants maintenance provisions

• Tenants insurance provisions

• Allows for the necessary removal and re-instatement of the equipment for essential roof repairs

Which Section of the Official Copies would it refer to a Solar Panel Lease?

• Property Register

• Proprietorship Register

• Charges Register

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