Solar Equity Release And Lifetime Mortgage Review in 2024

Is Solar Equity Release Still an Option? Discover How Solar Equity Release Would Work and Whether You Could Still Benefit From It. Read on…
  • Last Updated: 02 Feb 2024
  • Fact Checked
  • Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.


Francis Hui

Key Takeaways

  • Solar equity release involves converting a portion of your home's solar energy value into cash, which you can use for any purpose while still owning and living in your home.
  • As a homeowner over 65, solar equity release can be a good idea if you're seeking additional income, as it allows you to utilise your home's solar value without having to sell or move.
  • By using them, you could supplement your retirement finances, providing you with a steady income stream while keeping your home.
  • Key benefits include access to a tax-free lump sum, while drawbacks include the impact on your inheritance and potential changes to your benefits eligibility.
  • To apply, you'll need to contact a specialist provider, arrange a property valuation and discuss your options with a financial advisor before making a decision.

If you are looking at Solar Equity Release in the UK for home reversion plans or lifetime mortgages, you will be disappointed.

Solar Equity Release used to offer lump sum payments to homeowners who would installed solar photovoltaic (PV) systems.

In this way, clients could generate their own electricity, release cash, and enjoy the benefits of their free electricity.

In This Article, You Will Discover:

    Our team at Every Investor is constantly on the lookout for new and innovative products in the equity release space to benefit our readers.


    NOTEEvery Investor is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of Every Investor only and may not reflect the views or opinions of Solar Equity Release. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Solar Equity Release.

    What Is Solar Equity Release?

    Solar equity release, also called solar buyback, is a way to benefit from the government's Feed-in Tariff (FiT) scheme by receiving a lump sum instead of instalments.

    A private company could offer to take over your FiT contract in exchange for an upfront lump sum.


    The FiT scheme closed to new applicants in 2018, so you will not be able to benefit from this incentive unless the scheme is reopened at some point.1

    What Are Equity Release Products?

    Equity release offers a financial solution for homeowners aged 55 and older, allowing them to access cash from their home's value through equity release products.

    It provides a method to release funds tied up in your property.

    The repayment of this loan is uniquely structured; it's settled from the property's sale, typically after the owner's death or when they move into a care facility, ensuring no immediate financial burden.

    What Is the Process for Solar Equity Release in the UK?

    It begins with a homeowner who owns a solar panel system outright, engaging a solar equity release company.

    They would conduct a detailed review of the system, its output efficiency, and the Feed-in Tariff (FiT) payments it generates.

    The company then provides a lump sum payment to the homeowner, in return for the rights to the future FiT payments.

    The homeowner continues to benefit from free electricity generated by the solar system and maintains responsibility for the maintenance and upkeep of the panels.

    The solar equity release provides the homeowner with a tax-free, immediate cash lump sum, while the company profits from the future Feed-in Tariff payments.

    This process ensures a win-win situation for all parties, enhancing the economic viability of solar energy in the UK.

    Why Consider Solar Equity Release?

    You may have considered Solar Equity Release if you had installed a solar PV system before April 2019, when the FiT scheme closed to new applicants.3

    This kind of solar buyback arrangement may have enabled you to receive a portion of your FiT payments as a lump sum instead of instalments.

    What Services Did Solar Equity Release Offer?

    Solar Equity Release provided clients with a payout in the form of an upfront lump sum.

    In return, clients signed over the rights to their Feed-in Tariff (FiT) payments, but would still own their solar panels.

    Solar Equity Release also offered to maintain and monitor clients' solar PV systems for free during their FiT period.

    No lease would have been registered over a client's property or the airspace above their home.

    Did Solar Equity Release Offer Equity Release or Lifetime Mortgages?

    Solar Equity Release offered a form of equity release; however, this arrangement applied to clients' solar PV systems and not to their homes.

    Solar Equity Release’s Scheme Features

    Solar Equity Release's scheme features are moot now, as the company is no longer trading.

    However, if you would like to know what the company offered, here is the information:

    • You retained ownership of your system.
    • You received a lump sum in exchange for your FiT payouts.
    • Solar Equity Release maintained and monitored your system for free, reducing your long-term costs.
    • You could benefit from cheap electricity while still owning your installed system.
    • No lease was registered on your property or airspace.

    What Were Solar Equity Release’s Interest Rates?

    Solar Equity Release was not an equity release provider, and so did not charge interest on loans.

    Did Solar Equity Release Have a Calculator?

    Solar Equity Release did have a calculator to value your system on its website; however, as the company is no longer trading, this tool is not available anymore.

    If you are looking for an equity release mortgage calculator, why not try our calculator below and see approximately how much you could borrow against your home as opposed to your PV system!

    What Were the Advantages of Using Solar Equity Release?

    The advantages of using Solar Equity Release include retaining ownership of your PV system.

    This plan is not available now, but here is more detail on the benefits that were involved:

    • You sold the value of your FiT rights in exchange for a lump sum.
    • You retained ownership of your solar PV system.
    • Monitoring and maintenance were free for the duration of your FiT contract.
    • The contract was easy to understand and did not require a lease agreement.
    • You kept the free electricity your system generated.

    What Were the Disadvantages of Solar Equity Release?

    The disadvantages of using Solar Equity Release included the fact that you were locked into a contract for the duration of your FiT period.

    Even though this option is not available anymore, here is more on the drawbacks:

    • You sold your rights to your FiT, meaning you could not benefit from future payments.
    • The lump sum you received would almost certainly be less than the cumulative payments you could have received instead.
    • You would be locked into a contract for the duration of your FiT period.
    • Solar Equity Release was not regulated.

    How Did We Review the Information on Solar Equity Release?

    We reviewed the information on Solar Equity Release by gathering facts about its services and offers, researching what it stands for, and combining it all in this article.

    Solar Equity Release Customer Reviews

    Solar Equity Release has been discussed by consumers online.

    Look here:

    Solar Equity Release’s Regulatory Details

    Solar Equity Release was not authorised and regulated in the UK by the FCA, as the company was not a financial institution.

    Company Registration Number

    • Companies House Number: 10006098

    Companies House Link

    Solar Equity Release Contact Details

    Solar Equity Release's contact details are no longer active as the company has ceased trading.

    These details were:

    • +44 203 367 1681
    • Albert House, 256-260, Old Street, London, EC1V 9DD.

    Common Questions

    What Is Solar Equity Release and How Does It Work?

    Is Solar Equity Release a Good Idea for Homeowners Over 65?

    How Can Solar Equity Release Benefit Your Retirement Finances?

    What Are the Pros and Cons of Solar Equity Release?

    How to Apply for Solar Equity Release in the UK?

    Was Solar Equity Release a Member of the Equity Release Council?

    Who Owned Solar Equity Release?

    Solar Equity Release Jobs?

    Did Solar Equity Release Offer Equity Release?

    In Conclusion

    Solar Equity Release could have been an option for homeowners who had installed solar PV systems before April 2019.

    As the government's FiT scheme is not open anymore, Solar Equity Release cannot be used to benefit from solar incentives now.

    The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.

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