Solar BuyBack

Squiggs

Hi, Has anybody used the Solar Buy back solutions company. Selling your feed-in-tariff.
They are offering to buy the feed in tariff and I would still get free electricity from generation but no the drip feed as they give you a lump payment.
Has anybody any experience with this? Does it effect the value or ability to re-sell my house in the future?

Any feed back appreciated

matelodave

I'd think very carefully - they wouldn't do it unless they were going to make a profit and their profit would be your loss.

They would have to own the panels to be able to claim the the FIT, so you would not be able to sell them if you decided to move. A prospecive buyer might have a very jaundiced view about having stuff on their roof that someone else owned and they had no control over.

I'm not sure over what period you've got your FIT agreement, but if its 20-25 years and inflation linked, just do your sums to see what it could be worth over that period. Then compare it to a lump sum, which may be very nice but potentially only half the value of the FIT.

The "free" electricity is a very small proportion of the overall FIT scheme and is only worth it if you can use it all - most people only get the value of around 50% of their annual generation because most of it gets generated when you dont need it all.

Be very careful

Cardew

Welcome to the forum.



Agree with the above.


There have been plenty of posts on just this subject. I suggest you visit the 'Green and Ethical' section of this forum as that is where Solar topics are discussed.

ASavvyBuyer

If you need the lump sum, it is usually better value to take a personal loan and use the FIT payments to pay off the loan.


As above, there have been a few on the Green & Ethical board, and it always works out better to keep the FIT payments yourself.

Squiggs

I'm new to the forum so I will take a look there. thanks for p[pointing it out.