Since its inception, the feed-in tariff scheme has seen over 750,000 homes install PV solar panels, but in another extraordinary twist to the story; contracts are now being purchased like Pokemon trading cards.
UPDATE: The MCS accreditation body wants solar-owners report companies that trade in such contracts.

Are solar buyback schemes a good thing?
Beneficial or not?
One proud solar-owner told me he’d been contacted by such a company who wanted to buy his feed-in tariff contract for a measly couple of grand under what they called a ‘Solar buyback’ scheme!
This ‘lucky’ PV owner was offered the option of cashing in on his FIT with a tax-free lump sum.
I mused that “like the infamous ‘payday loans’ and ‘unlock your home’s equity’ schemes, you would have to be either desperate or ignorant to accept such an offer. Read the rest of this entry »