Free Solar Panels….is There a Catch?

From recent paper and TV media advertising of ‘free Solar panels’, the Kinglsey Eco Solutions team have had a number of customers asking about the legitimacy of such deals.  Good question!  Is it really free.  Simple answer..YES!  Is there a catch…SORT OF!

You do get free panel, you do get free electricity if you can consume it during daylight hours (no storage- consumed or put back into Nation Grid).  The crunch though is that the money received from the Feed-in- Tariff (FIT) goes to the company that put up your Solar PV system- normally funded by hedge funds- because the investment is 8%+ return on investment and is safe and secure.

Which? magazine recently ran an article in there Green News page on this issue.  To cut to the bottom line…

“…you could save as much as £10,500 by taking out a loan to buy your own system”

They continue,

“You’d be much better off paying to install your own system and keeping the lucrative FIT (Feed-in-tariff) income.”

Also, read our recent blog from an article in the Mail which raises issue of complication when purchasing a home with ‘free’ panel on them

BBC Breakfast show did a really useful news item on this:

Use the Energy Saving Trust online Cashback calculator to work out how much you can earn and save.

Kingsley Eco Solutions have a working Solar PV model at their Renewable Energy Centre, Ferring, near Worthing, West Sussex, with on roof and integrated tiled systems.  Call the team now on 01903 22 77 26, or email Eco@KinglseyGroup.co.uk.

This entry was posted on Tuesday, October 12th, 2010 at 10:34 pm and is filed under Commercial Eco Solutions, Domestic Eco Solutions, Electrical & Plumbing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.