News & Events
The Green Life
In these times of volatile energy prices, buying a rural property with its own renewable energy sources may seem like the perfect solution.
A dedicated wind turbine in a field, and solar panels on the roof of a shed in the yard, are sensible ways to enhance your self-sufficiency. However, once you have established that the seller owns the equipment outright and is able to sell you it with the property, there is still work to do. Often it is mundane practicalities that can lead to months of delay in feeling the benefit of self-generation. There are a couple of things to look out for to help speed up this process.
1 Make sure the seller provides you with a copy of any agreement to supply excess energy generated to the grid. Many individual installations are still connected to feed-in tariff agreements. Although you will get your own agreement, you will need to supply details of the seller’s agreement to the energy company, for them to transfer it to you as the new owner.
2 Where is the meter? Often there are several serial numbers or other dials on this equipment at its point of connection to the grid. Giving an accurate meter reading and the meter point number to the energy company is essential. Note these down when you first view the property.
These may seem like minor issues but they can easily be dealt with between you and the seller when you visit the property to view it – and ultimately save you time in switching over any supply agreements connected to the equipment into your name.