Solar Equity Release Review (2025): Key Findings
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- Solar equity release offers benefits such as immediate access to cash, freedom to remain in your home and potential savings on energy bills, but also entails drawbacks like reduced inheritance, potential impact on benefits and the need for home maintenance.
- They operate by allowing you, the homeowner, to convert a portion of your home's value into tax-free cash, while retaining the right to live in it, with the amount to be repaid when the house is sold or the homeowner passes away.
- They can be an advantageous option for seniors seeking a supplemental income source or funds for home improvements, but it is essential to consider its potential impact on estate value, benefits, and inheritance for dependents.
- Customer reviews generally highlight the ease of obtaining funds, the potential for lower energy bills, and excellent customer service, but it's important to remember that experiences can vary and it is always beneficial to thoroughly research and consider your options.
- They can impact your estate planning by reducing the value of your estate that can be passed on to heirs, as the equity release loan and any accrued interest will need to be repaid from your estate upon your death.
If you have a solar photovoltaic (PV) system, you may have heard about Solar equity release.
Solar equity release, also known as solar buyback, used to be an option for homeowners who wanted to benefit from their solar Feed-in Tariff (FiT) payments upfront instead of waiting to receive instalments over time.
Should you consider the company Solar equity release if your are thinking about solar buyback?
At SovereignBoss, our research team has delved into all the latest news and information on solar equity release, and the aim of this article is to present that knowledge in an easy-to-use format.
In This Article, You Will Discover:
Let’s find out more.
NOTE: SovereignBoss is an impartial and unconnected third-party information provider via this website, and the details provided in this commentary represent the opinions of SovereignBoss 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 is a way for homeowners to benefit from their solar installations by receiving their Feed-in Tariff (FiT)1 as a lump sum instead of waiting to receive the money in instalments.
Important
The UK government's Feed-in Tariff scheme closed to new applicants in 2019.2
This will not affect you if you are already part of the FiT scheme, but you will not be able to register as a new beneficiary unless the the incentive becomes available again.
Is Solar Equity Release the Same as Equity Release?
No, solar equity release is not the same as equity release, although the underlying principle's essentially similar.
While solar equity release is related to benefitting from home solar installations, an equity release mortgage is a way for retired homeowners to borrow against their property without being obliged to make any repayments during their lifetime.
What is the Solar Equity Release Company?
The Solar equity release company was a platform for solar buyback solutions.
The firm offered clients a lump sum payment in exchange for the rights to their solar Feed-in Tariff (FiT).3
Please note
Solar Equity Release closed down in 2018.4
Advantages of Using Solar Equity Release
The advantages of using Solar equity release included having access to its online valuation calculator.
Here are some pros:
- With Solar equity release, you could release capital from your PV system while still enjoying the benefits of free electricity.
- The firm had its own PV system valuation calculator available on its website.
- The company had a good reputation and received good online reviews.
Drawbacks of Using Solar Equity Release
The drawbacks of using Solar equity release included the fact that the company was unregulated.
Other cons included:
- The company didn't offer equity release mortgages, so if that's what you were after, Solar equity release wouldn't have been able to assist you.
- For the same reason, the firm wasn't a member of the Equity Release Council.
- The company wasn't regulated by the Financial Conduct Authority.
Did Solar Equity Release Have a Calculator?
Yes, Solar equity release had a calculator for working out PV system valuation on its website, but as the company's no longer operational, this calculator is not available anymore.
If you are searching for a more traditional equity release calculator, try ours below to discover how much equity you may release from your home rather than your PV system.
Solar Equity Release Customer Reviews
Read more about Solar equity release from consumers who've taken the time to review the company.
Here's more information.
How Did We Review the Info on Solar Equity Release?
We reviewed the info on Solar equity release by consulting the latest news sources related to the company.
Our review of Solar equity release is independent, and we are not affiliated with the firm. We are a 3rd party reviewer.
Regulatory Details
Solar equity release wasn't overseen by the FCA as it wasn't a financial institution.
Company Registration Number
- Company Number: 10006098
Companies House Link
- Companies House Link: Companies House Link
Solar Equity Release Contact Number & Address
Solar equity release's contact number and address are no longer in use, as the company's dissolved.
However, these details were:
- +44 203 367 1681
- info@solarequityrelease.co.uk
- Albert House, 256-260 Old Street, London EC1V 9DD.
Common Questions
Was Solar Equity Release a Member of the Equity Release Council?
Who Owned Solar Equity Release?
What Are the Pros and Cons of Solar Equity Release?
Where Was Solar Equity Release Located?
How Does Solar Equity Release Work?
Is Solar Equity Release a Good Option for Seniors?
What Are the Customer Reviews for Solar Equity Release?
Can Solar Equity Release Impact My Estate Planning?
Conclusion
Solar equity release was a solar buyback company that offered deals to consumers in the UK who wanted to trade their FiT payments for lump sums.
While it's still possible to install home solar power systems in the UK, the FiT scheme's no longer available to new applicants, which means using that as a form of equity release wouldn't be possible 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.