Solar panels mis sold??

matelodave

I think you'd have problems determining in whether you argue that the system was mis-sold or you misunderstood what you were actually buying. You'd need to have a good trawl through all the documentation to establish whether what you signed for was based on estimates and whether there were disclaimers in there regarding weather, output, useage etc.

I'd guess that the agreements would have a fair few caveats about performance or guarantees etc and would give a few lawyers a headache trying to work it all out. the cost of trying to take it to court could easily outweigh any compensation unless it could be established that you signed an unfair contract

Cardew

matelodave wrote: »

It's even hard to trust that the government will keep their promises on stuff like RHI or FIT over the whole duration. However, assuming that they do, you could eventually break even and possibly make a small profit but it's over the whole 25 year., It's not a short term investment and it won't be whilst you are paying back the loan.

I believe on the later systems(OP bought 11 months ago) FIT is for 20 years.


I think there is little doubt that the OP, and many others, have been missold systems on claims that the income would cover the loan payments. This is a scheme run by a number of firms.


However to repeat an earlier point, these firms will not be around to pay up if a judgement is made against them in a court.


It might be worth trying the local Trading Standard office to see if there is any slim chance of action against the loan firm - even just a cut in the interest rate as a goodwill measure.