Solar electricity panels reduce the value of your home but solar water heating improves the value of your home

The press seemed to have cottoned on to a fact that I first reported about solar panels that produce electricity. As I have previously explained these are often “given” away free. In reality they are not given away but remain firmly in the ownership of the company that persuaded the homeowner to have the PV panels installed. They are so much in that ownership that the home owner has to grant a twenty five year lease of the roof space on which the PV panels sit. In return the home owner gets free use of the daytime electricity that the panels produce (usually worth £150 per annum) but the owner of the panels gets the subsidy from the government for the next twenty five years usually worth at the outset £1500. Continue reading