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
![Solar Buy Back UK](https://solarfair.co.uk/wp-content/uploads/2020/08/how-it-works-stages-uai-10000x2165.png)
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.