Feed in Tariff Buy Back

WestonDave

Just had a cold call from a company called Imesco (www.imesco.com) offering to give me a quote to buy out my feed in tariff. Presumably a discounted capital sum based on what the panels would be earning over the remainder of their lives. On the "no such thing as a free lunch" principle I'm naturally assuming that whatever they offer will sound like a big number but would actually be heavily stacked in their favour. Half tempted to see what they'd offer though as they'd be taking on the responsibility for maintenance costs and replacement of the inverter as part of that.

Martyn1981

This issue has started to pop up a lot lately. Here's an older thread

Selling your Solar Panels - Lightsource

on another site a member checked it out and was offered 1/3 of the remaining FiT + Export payments.

Mart.

WestonDave

Thanks Martyn - did a quick look back but didn't spot anything.


In short its a con then. Fortunately one of the boring things I did at Uni years ago was a bit of economics about valuing streams of payments so I know exactly how to calculate what they think they'd get out of it (assuming no repair costs etc) and at current (low) interest rates its going to be a lot more than 1/3 of the remaining payments!

Martyn1981

The 1/3rd is of course 3rd hand so to speak (pun intended) so it would be interesting to know what anyone else is quoted.

Purely the usual 'pondering Mart' stuff, but it might be that offers start out low, then rise depending on take up as the years go on.

I know Abundance is launching a scheme based on this buy out idea, where investors are effectively supplying the capital, with the future FiT/Export monies supplying the annual returns.

I have absolutely nothing on which to base this, but personally I'd suspect that payouts will go up till they find the right level, then of course go down as the number of years remaining decreases?

Mart.