Solar Funding Incentive schemes

lee_d_m

Hi,

I've recently been doing some research into solar PV and have stumbled across some companies that appear to offer a scheme whereb you pay a monthly amount for the panels over a period of 5 years, after which the panels are yours.

During the 5 years so still benefit from the energy produced and the FIT repayments.

I have spoken to one company who seems to be able to offer this in my area, this companies website is http://solarfundingincentive.org.uk,

I would be very grateful if anyone could share their experiences of this scheme as quite frankly, it seems a little too good to be true.

Thanks

Lee

[Deleted User]

If you have a mortgage then perhaps borrow that way?


Personally I got a 0% loan from the EST as part payment.


As for this scheme I'd steer well clear and buy some LEDs instead to save cash...

lee_d_m

Hi,

Thanks for your feedback. I had not heard about the possibility of obtaining a 0% loan. Could you share with me how I would be able to find out more about this ?

Could I ask why you would steer well clear of the scheme I described, is it a scam or do you have experience of it ?

Thanks

Lee

[Deleted User]

I think the figures are over egged on that website to cover their high fees.


If you can borrow at a competitive rate and the FITs returns stack up for you then surely that is better having the pick of the best installers etc...


I used the Home Renewables Loan Scheme from the Energy Saving Trust.