Solar ti doe

TheOldTortoise

That’s great info, thanks. Something to consider.

Unfortunately, I am beholden to a company which offers finance at the moment, so although I can get a price guide myself, I’m not in a position to DIY the whole process.

At least this gives me more of an idea of the setup I would be better off looking at.

Solarchaser

Finance yeah, but not necessarily that companies finance.
Recently I got emails from this site advising of 2% apr on certain loans, and that's what I used to buy my electric car.
Worth considering as a home improvement loan perhaps.?

I got my original panels on the house roof in 2014(more recent ones were on my garage roof) from a company offering finance, and I took it.
However when I looked at the deal later I was paying 10% interest. So then took out a short term loan with less interest to pay them off.

TheOldTortoise

Well I will look into it. My credit rating is 999 but I am already paying off a “home improvement” loan with the bank when I needed a new front door. They don’t tend to loan one home improvement on top of another although I could search around for another loan company. I am in a good position to borrow I suppose.
If I had cash, I’d be in a better negotiating position too.
Thank you.

Reed_Richards

Earlier this year I paid £11,500 for a 16 panel 4.8 kW array, "optimisers" (another name for micro-inverters?), main inverter and a 6.5 kWh battery. I was in a hurry to get in before the FIT was terminated so perhaps I paid a bit over the odds? But I have been very pleased with my system, so far.

EricMears

TheOldTortoise wrote: »

Well I will look into it. My credit rating is 999 but I am already paying off a “home improvement” loan with the bank when I needed a new front door. They don’t tend to loan one home improvement on top of another although I could search around for another loan company. I am in a good position to borrow I suppose.
If I had cash, I’d be in a better negotiating position too.
Thank you.

If you have a mortgage already, the lender would be the first place to get an 'additional advance' for any sort of home improvement. Or if you're mortgage free it might even be worth applying for one.


And ALWAYS get more than one quote for solar panel installation ! You'll have seen from this forum how the one firm you've contacted are regarded; almost anyone else is likely to offer a better price ! And if you indicate roughly where you live, a local member might offer you some advice on best local company.

TheOldTortoise

I have considered adding it onto the mortgage. It may be the best route to go down.

I’ve had a frustrating day. I spent the weekend filling in a couple of those comparison things, where they find up to 4 companies in your area to get in touch. Two of them only found one supplier and both of them were Project Solar!

I found a local electrician who says he does solar, so I might give him a try. If I find out he is affiliated with Project Solar, I’m installing a sodding wind turbine!