Green deal solar panels - pros and cons?
Discussion
We've been offered 14 free panels with free installation and maintenance.
As far as I understand it if we save £200 per year on our electric bill, that electric bill is taken to pay towards the "loan" on the panels.
In addition to that, the feed in tarrif is split 50/50 with half coming to us and half going to the installation company.
Are these reasonable terms?
What questions should I be asking?
Presumably not all panels are alike in terms of efficiency etc? Free ones = cheaper quality ones?
What about resale of the house? We think we'd like to move in around 5 years but the panels will be on for 20-25 years. Are there any predicted implications?
There will be a credit check but what implications could that cause for the future?
Sorry for so many questions! Any answers will be much appreciated.
As far as I understand it if we save £200 per year on our electric bill, that electric bill is taken to pay towards the "loan" on the panels.
In addition to that, the feed in tarrif is split 50/50 with half coming to us and half going to the installation company.
Are these reasonable terms?
What questions should I be asking?
Presumably not all panels are alike in terms of efficiency etc? Free ones = cheaper quality ones?
What about resale of the house? We think we'd like to move in around 5 years but the panels will be on for 20-25 years. Are there any predicted implications?
There will be a credit check but what implications could that cause for the future?
Sorry for so many questions! Any answers will be much appreciated.
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