Free solar panel discussion

zeupater

Denzelpuppy wrote: »

My mortgage company GE Money, will not give permission for me to have the panels installed. PV Solar have approved my application for Free Panels, i notified GE Money but they have said No but will allow if i get PV Solar to insert a break clause in the 25 year lease agreement, have a structural engiuneer report appointed by them and not PV Solars Structural Engineer' report and also approval from my buildings insurer.

Just wandering if anyone else is experiencing the same or similar problems with their mortgage lenders?

PV Solar say it's because mortgage Lenders are trying to get a share of the Feed in Tarrif, to make up for lost interest due to the low rates at the moment, so are making it as difficult as possible for people to get free panels. DAft thing is GE Parent company actually make the panels ansd recommend people fit them, so figure that one. When i spoke to GE and filed an official complaint , they reckon they might not ba able to sell the house if they forclosed on me, someone might want to buy it and not want free electricity apparantly, what planet do these people live on???

Hi

That seems to be a little strange .... you'll find that most who support the 'rent-a-roof' schemes who post on this forum would dispute what you just posted would happen, however you're the second person to post reference to this recently.

You'll probably find that what the 'rent-a-roof' company told you is a load of rubbish. It's far more likely that the mortgage lender is attempting to protect their investment, which is also in your own interest if you were to sell and this is exactly how they they have explained their position.

If you have a reatively high equity in the property, the lender might be more open to allow the lease on your roof as the householder would take the burden of any loss in value at sale, whilst if the personal equity was low all risk would fall to the lender. It is also right for a lender to ensure that the property is adequately insured as if the roof eventually fails as a result of the installation and is not insured, it's a distinct possibility that the householer will default on the mortgage through not being able to afford repairs to the structure.

Regarding people not wanting a house with free electricity, you may find that there are many people who would prefer one which would provide a better return through FiT and export payments and this would have an effect on the sale value of a property with a 'rent-a-roof' system v one which is owned. There is also the problem associated with additional costs and restrictions to the householder if any roof maintenance is required, a posibility which could easily eat into many years worth of £100 savings on electricity bills.

What they seem to be doing is mitigate risk, both their own & their customer's, after all people can't complain about banks taking risks and mitigating risk at the same time ....

HTH
Z

Equaliser123

digitaltoast wrote: »

You make it all sound so benign. "they get the public to invest", as if there's a choice!

Do you think the public would CHOOSE to invest in THE MOST INEFFICIENT WAY OF GENERATING ELECTRICITY THERE IS?. How many times does it need to be said?

FITs were introduced in legislation.

Legislation is created by Parliament.

Parliament is elected.

So, indirectly, the public DID choose. We do live in a democracy, afterall.

Cardew

Equaliser123 wrote: »

FITs were introduced in legislation.

Legislation is created by Parliament.

Parliament is elected.

So, indirectly, the public DID choose. We do live in a democracy, afterall.

Ditto, Ditto,

Iraq war,

Bailing out banks

Allowing multi million pound bonuses as a reward for Bank employees, working in banks owned by us, that lose £billions.

Equaliser123

Cardew wrote: »

Ditto, Ditto,

Iraq war,

Bailing out banks

Allowing multi million pound bonuses as a reward for Bank employees, working in banks owned by us, that lose £billions.

Yep, and look what happened to the government that sanctioned all of those....

The point is that you cannot seek a referendum on every single decision.

Cardew

Equaliser123 wrote: »

The point is that you cannot seek a referendum on every single decision.

I am not suggesting you should, in fact the whole notion of Referendums(Referenda as the plural according to my lecturer) is pointless where finance is involved.

Double wages and halve taxes will always get supported;)

People seem to get defensive over criticism of FITs.

To repeat, I don't think anyone criticises those who take advantage of FITs. However it doesn't alter the fact that solar electricity generation is the most uneconomic process known to man, and to fund subsidies by placing a levy on those in our society who can least afford to pay, is a nonsense.

Those who rent their roofs out for venture capitalists to cream off subsidies, similarly are not criticised. However many seem to resent the poor rewards(IMO) and potential risks of the scheme being pointed out.

grahamc2003

Nang wrote: »

If you feel so strongly about this, why dont you take action. How about starting a group called "People Against FITS" ,March on London and Start a petition.

Alternatively you could continue to brow beat folk on a web forum intended for a discussions about generating free electricity.

I'd love to get into a discussion about generating free electricity, but this thread is a discussion about the most expensive method of electricity generation.

Some people (often the relatively better off) may get a small amount of electricity at no cost to themselves, but it is paid for - at an extremely high rate - by all electricity consumers (a rising proportion of whom are in fuel poverty and have difficulty paying their energy bills).

In fact, given that today, 7% of electricty bills go on supporting subsidies such as fits, even those with 'free' panels are likely to have increased bills - the 7% often being greater than the £50-£100 value of the 'free' electricity.

As the 7% cost rises over the years to something like 50%, as I recently read, the cost of increased bills for all such subsidies will dwarf any 'free' electricity values.

Nang

grahamc2003 wrote: »

I'd love to get into a discussion about generating free electricity, but this thread is a discussion about the most expensive method of electricity generation.

Some people (often the relatively better off) may get a small amount of electricity at no cost to themselves, but it is paid for - at an extremely high rate - by all electricity consumers (a rising proportion of whom are in fuel poverty and have difficulty paying their energy bills).

In fact, given that today, 7% of electricty bills go on supporting subsidies such as fits, even those with 'free' panels are likely to have increased bills - the 7% often being greater than the £50-£100 value of the 'free' electricity.

As the 7% cost rises over the years to something like 50%, as I recently read, the cost of increased bills for all such subsidies will dwarf any 'free' electricity values.

So in the spirit of remaining constructive, and keeping in mind that we (in "we" I mean the UK) have to meet green energy production targets or deal with the fines for not doing so.

What OYO is a realistic alternative?

Nang

Going back briefly to the topic of saving money:-

If I got 6 car batteries from the local scrapyard, (lets say 4000 Wh worth), and a reasonable inverter to attach them to.

Array is 4 KWP.

Charge the batteries during the day, use the elect at night.

Do you reckon I could get from April to September off grid?

Realistic or just bonkers?

Has this been discussed before? Thoughts?

P.s I am not going to try this BTW, just investigating the possibilities and exploring the limitations.

digitaltoast

grahamc2003 wrote: »

In fact, given that today, 7% of electricty bills go on supporting subsidies such as fits, even those with 'free' panels are likely to have increased bills - the 7% often being greater than the £50-£100 value of the 'free' electricity.

As the 7% cost rises over the years to something like 50%, as I recently read, the cost of increased bills for all such subsidies will dwarf any 'free' electricity values.

Exactly. And I've looked back over this thread and various questions you, cardew and myself have put to people. Simple things like:
Show us your ACTUAL output. Answer this or that question.
Ones that could easily be answered with a calculator. Has anyone even attempted to answer just ONE question? No, instead, we get rhetorical guff like:

Nang wrote: »

So in the spirit of remaining constructive, and keeping in mind that we (in "we" I mean the UK) have to meet green energy production targets or deal with the fines for not doing so

So, is this the result of 13 years of education and propaganda and mis-information under Labour?

Nang knows damn well this has NOTHING to do with green targets. Even if every single roof in the entire country had solar PV (by which point the whole pyramid/ponzi scheme would have long-collapsed), it would not take a single power station offline.

D'ya get it, Nang? Nice and slow for you, because you appear to be either wilfully ignorant or a salesman. What do you think happens at 6PM on a freezing winter's evening? One more time:

The PV FiT WILL NOT MEAN ONE LESS COAL FIRED POWER STATION IN THE UK.

Nang

digitaltoast wrote: »

Exactly. And I've looked back over this thread and various questions you, cardew and myself have put to people. Simple things like:
Show us your ACTUAL output. Answer this or that question.
Ones that could easily be answered with a calculator. Has anyone even attempted to answer just ONE question? No, instead, we get rhetorical guff like:

So, is this the result of 13 years of education and propaganda and mis-information under Labour?

Nang knows damn well this has NOTHING to do with green targets. Even if every single roof in the entire country had solar PV (by which point the whole pyramid/ponzi scheme would have long-collapsed), it would not take a single power station offline.

D'ya get it, Nang? Nice and slow for you, because you appear to be either wilfully ignorant or a salesman. What do you think happens at 6PM on a freezing winter's evening? One more time:

The PV FiT WILL NOT MEAN ONE LESS COAL FIRED POWER STATION IN THE UK.

Un-educated, and ignorant eh?

Its true I did not quite get to PHD level, but you would be amazed at how much I learn every day from arrogant, condescending folk on web forums.

Is every night a freezing cold winter night then? Perhaps in your world, yes.

BTW. You still have not added one constructive point on this debate. I wait in anticipation.