Re: re: Windmills are rubbish.
Domestic solar very much does *not* get its cost of land for free.
That’s just another cost its proponents are pretending to be unaware of.
If you try to get a mortgage on such a property, there are plenty of lenders who will lend on it. But there are also many lenders who just won’t. Having solar panels does decrease your choice of mortgage, whether you like it or not. If the very cheapest mortgage just happens not to be available for panelled properties…..then you are bearing the cost of having only the second cheapest mortgage.
The effect doesn’t have to be large to be important.
Say your house is worth £300k. And you have to settle for second cheapest mortgage, which is just 0.01% worse than the best…you’ll hardly notice, right? That’s *another* £750 over the 25year term. Peanuts compared to your mortgage, but about 15% of the cost of the panels.
And by the way, you’re probably paying about another £25 a year on your buildings insurance too, which is £625 over life.
Domestic solar very much does *not* get its cost of land for free.
Biting the hand that feeds IT
