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. (more…)