Solar Buyback
What is Solar Buyback?
Solar Buy Back is a process whereby a solar Feed-In Tariff is a form of credit received for the excess solar power generated by your system that is then exported back to the grid in your house. Feed-In Tariffs are typically between 9 and 15p per kilowatt-hour (kWh). This renewable source of energy is the ultimate benefit your household can get while still getting a guaranteed payment to you.
How it works
At SolarFair we aim to make the process as easy and simple for you as possible, which is why we have split the process itself into 5 straightforward stages.
Stage 1 – We will ask you a number of initial questions in order to provide you with an indicative quote:
- Who is your mortgage company?
- When was the system installed?
- What is the size of the system?
- When was the FIT registered?
- What is the current meter reading?
With this information, we will be able to give an indicative price for your system within 24 hours.
Stage 2 – If you are happy with the quote, the following documents will be sent to you for your signature:
- Pre-lease commitment to enter into an air space lease
- Airspace Lease
- Application for Mortgage Consent
- Change of FIT provider and Nominated Recipient
Stage 3 – The Solarfair team will undertake the following actions on your behalf:
- Lodge pre-lease commitment with the land registry
- Seek mortgage company consent to register air space lease
- Switch FIT provider and check eligibility of the meter reading
- We will also install a free meter with a communications device which will enable us to remotely monitor your system for faults 365 days of the year.
Stage 4 – As soon as the Land Registry records our purchase of the panels and rental of the roof they are on, we will send you your outstanding money within 5 working days.
Stage 5 – Follow up call from Solarfair to ensure you are happy with your Solarfair experience.