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 »
Avoid solar buyback schemes! was last modified: February 18th, 2020 by Stuart Lovatt
One of the joys of owning PV solar panels (photovoltaic), is that you can sit comfortably in the knowledge that your family is protected despite an energy industry that has no outlook farther than next year’s profits.
Should I upgrade my existing PV solar panel system?
So you’re sitting comfortably with your newly installed photovoltaic array, then an unknown company comes along and offers you an upgrade. An upgrade to enhance your PV performance and squeeze a little more juice out of it.
Is this worth the extra expense?
Recently I was asked if it’s worth upgrading an existing PV solar panel system to a Solar Edge inverter with a voltage optimisers system for £4,000 – no this is nuts!
The reality is that all good quality inverters cost around the same apart from Solar Edge and Enphase that are individual micro inverters designed to optimise each panel’s output individually. Read the rest of this entry »
PV solar panels and Solar Edge inverters was last modified: February 16th, 2020 by Stuart Lovatt
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