Solar Panel Funding and Evergen

cman5200

A while ago, I put a speculative enquiry out to a company called Solar Panel Funding (www.solarpanelfunding.co.uk).

I've then been booked into an appointment next Thursday which Evergen will check out. Need myself and the wife there, told there is no government funding, etc ...

I'm not being given numbers and in all fairness the appointment will probably help with calculating things, but I cannot really afford £000's on panels just yet, but I like the idea of installing them and saving money on the electric and my car which is a hybrid. I see they offer finance, too.

My questions are -

1. In anyone's experience Is this a 'legit' firm? I see them on the FCA register and I don't see any negative reviews, but I see one remark on this forum showing them as a little pushey. I sort of agree with that.
2. is there the remote possibility that any finance they provide would cover any savings / electric to the grid, hence it's paying for itself for a few years?

Thank you so much.

Jonboy_1984

cman5200 said:

Need myself and the wife there,

That is the red warning flag to me for any sales process. 

When meeting new suppliers at work I have learnt to explain when booking the meeting that a decision will not be made on the day, and then repeat it on the day. A reputable supplier will be fine with it.

[Deleted User]

If you don’t understand how PV solar savings work then you shouldn’t really be allowing a salesman into your house. You really need to know the questions to ask ranging from DNO approval; MCS Certification; solar output etc. 

Personally, I am  not sure that I would want to sign up for finance from an installer without a lot of research on interest rates. The cheapest loan that I could find was 7.8% APR. Bear in mind that your solar savings are unlikely to cover the loan repayments in the Winter months when there is little sun.

I would ask your question again on this forum:

https://forums.moneysavingexpert.com/categories/green-ethical-moneysaving

MWT

cman5200 said:

Need myself and the wife there, told there is no government funding, etc ...

This is always a red flag, as mentioned above, make sure your wife is not at home when the guy gets there and tell him up front that there will be nothing signed on the day.

Personally I'd cancel the appointment if I ever received and requirement like that as it just screams pressure selling...