Sample contract for leasing rooftop photovoltaic panels

Do you need a lease for PV panels on a residential property?

This guidance provides information for photovoltaic (PV) panel providers and the public about lenders’ minimum requirements with respect to consenting to a lease of roof space for the installation of PV panels (‘the panels’) on the roof of a residential property.

Can I lease a roof space for PV panels?

Anyone considering agreeing to a lease of their roof space for fitting PV panels should be aware that most lenders’ mortgage conditions will require the lender’s consent to be obtained to any lease.

What is a solar lease agreement?

A solar lease agreement is a document you use to lease out solar power and equipment to another party. This template lets you create a residential or commercial solar lease agreement for either the buyer/client or the Power Provider/developer. However, generally, the developer provides it, and it helps ensure financial certainty for both parties.

How do I end a solar panel lease in the UK?

To end a solar panel lease in the UK, you must make some form of payment to the solar company. The lease agreement will outline the conditions and formula for wrapping up the contract, but there are three broad options: Under a buyout, you pay the outstanding balance on the lease agreement.

What are the different types of solar panel agreements & proposals?

There are different types of solar panel agreements and proposals available. The one you use will depend on a few different factors. These factors include whether you lease or buy solar panels and whether the contract is for a home, business, or even a large development. A power purchase agreement or PPA is similar to a solar lease agreement.

What is the difference between a PPA and a solar lease agreement?

In a PPA, you buy the net amount of solar power you use from the meter at a fixed rate per kWh. However, with a solar lease agreement, you generally pay a fixed monthly amount. That monthly amount allows you to use all the output energy the solar equipment generates.