We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Solar Panels

Kevinwebster
Kevinwebster Posts: 6 Forumite
edited 12 June 2016 at 7:56PM in Energy
From a link on this site I register to see if I was entitled to 'free' installation of panels. I received a phone call from a company and was advise the they had looked at a satalite of my house and I would, but there would be a £100 charge. Some one came around today and explained that due to my location I could have 16 panels which would generate returns and benefits of feed tariff 3735 kWh x 4.32p (your website indicates 4.39) £161.35 plus Export tariffs 1868 kWh x 4.85p and Energy 3735 kWh £90.59 and Energy saving of 3735x 16p 597.60 so total first year saving 849.54. I am concerned as on your website it says 'The Energy Saving Trust estimates a typical 4kWp system can knock £65ish off a family's bills each year.' Is the information that I have been supplied correct as the energy saving is 10 times your estimate. I have also been told that the systems cost £10,645.00 for which I can have finance. Based on the figures quoted I would just about break even on my electric in the first year, but if it it he Enery saving is £65 them I would be out of pocket. All the way through the rep spoke of the Goverment scheme, finance institutions and Martin Lewis and what Martin was doing to make it fair. I sign up today based on the information supplied but am now not sure how much is true. Can you help ?

Comments

  • silverwhistle
    silverwhistle Posts: 4,026 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You can get a system that size for less than 6K, in some areas as cheap as 4.5k at best. They are ex-double glazing people by the sound of it. Get this re-posted in the Green and Ethical Money-Saving Board and you'll get the experts who'll tell you what I have, but in greater detail. They'll all agree not to go with _this_ company though, so don't sign anything.
  • Can you advise on how I can repost ?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.