Solar Panels, next scam after PPI
Discussion
WTF! You couldn't make it up:
Article said:
PV Solar UK went into liquidation in 2017.
Robert Skillen, who was the director of the firm when Mr Thompson bought his system, said Mr Thompson's panels would make him money.
Mr Skillen is now in business claiming to help people who have been missold solar panels. He did not want to be interviewed.
Robert Skillen, who was the director of the firm when Mr Thompson bought his system, said Mr Thompson's panels would make him money.
Mr Skillen is now in business claiming to help people who have been missold solar panels. He did not want to be interviewed.
Kuji said:
We need something to get cash back into the system and people buying retail products, to pump-prime the economy.
Which the PPI money did very well indeed, coming straight after a financial crisis.
Indeed. IMO the PPI scammers were the people claiming, not the banks who 'mis-sold'. Which the PPI money did very well indeed, coming straight after a financial crisis.
Wasn't (isn't) the problem the feed-in tariff ? So say electricity was 10p a unit at the time, the Government would pay you 50p a unit to sell your solar power back to the grid (I'm not sure of the exact figures). Therefore the profit/repayments were based on 50p. Then over the years this feed-in rate was reduced several times so now there's no real profit to be made.
Oakey said:
I think the FiT was locked in at the price when you signed up though
I'm not sure. I've found some information that says what it was in each year (47p in 2011, 3.7p in 2019) and also that it's now closed. But I an't find anything that says if it's fixed at the time you get it. So if you did get solar panels in 2011 you are quids in today at 47p.snuffy said:
I'm not sure. I've found some information that says what it was in each year (47p in 2011, 3.7p in 2019) and also that it's now closed. But I an't find anything that says if it's fixed at the time you get it. So if you did get solar panels in 2011 you are quids in today at 47p.
I'm pretty sure that was the case, if you signed up at 47p then that's what you get for 25 years, if you signed up at 3.7p then that's your price for the duration. Here you go
https://www.fitariffs.co.uk/fits/principles/future...
Oakey said:
I think the FiT was locked in at the price when you signed up though
It was. So while the rate declined, it only declined for new installations; existing systems retain their initial rate for a period of time (20 years maybe?). There were unscrupilous salesman out there, and some very dodgy practices. A lot of firms which popped up, employed out of work double glazing salesmen, then went bust 12 months later.
Oakey said:
I'm pretty sure that was the case, if you signed up at 47p then that's what you get for 25 years, if you signed up at 3.7p then that's your price for the duration.
Here you go
https://www.fitariffs.co.uk/fits/principles/future...
So it is. Here you go
https://www.fitariffs.co.uk/fits/principles/future...
So you are quids in then if you got the 47p/unit rate. Now you pay about 13p a unit from your supplier but the FIT is about 4p, which is to stop people just installing panels to make a profit I suppose.
Biker 1 said:
Looks like its starting: https://www.bbc.co.uk/news/uk-england-49566130
Thought EXACTLY the same when I read this 
Wasn't sure whether it should be a PPI related thread or popped into the green/climate changes ones though
moles said:
Yes you knew in advance what you were getting. Can’t see this gaining ground the way ppi has
You have no idea what the system will actually generate though. I reckon the problem was that the estimates for system performance were very optimistic. If people have any literature or notes from the companies then it would be presumably straightforward to make a claim.snake_oil said:
WTF! You couldn't make it up:
Yep, I read that earlier this morning. It’s no wonder Skillen didn’t want to be interviewed.Article said:
PV Solar UK went into liquidation in 2017.
Robert Skillen, who was the director of the firm when Mr Thompson bought his system, said Mr Thompson's panels would make him money.
Mr Skillen is now in business claiming to help people who have been missold solar panels. He did not want to be interviewed.
Robert Skillen, who was the director of the firm when Mr Thompson bought his system, said Mr Thompson's panels would make him money.
Mr Skillen is now in business claiming to help people who have been missold solar panels. He did not want to be interviewed.
Gareth79 said:
You have no idea what the system will actually generate though. I reckon the problem was that the estimates for system performance were very optimistic.
Exactly the same for RHI. I know of a scheme where the engineers predicted a 7 year payback involving a woodchip biomass boiler & district heating scheme feeding 25 houses. However, they 'forgot' to include the running costs of the main, high powered district heating pumps, which ran up a massive electricity bill. They also badly underestimated boiler servicing & running costs. Oh, & wood chips have massively risen in costs....Do we ever learn?????
At least they probably won't be spamming every telephone number in the country enquiring if we've had solar panels installed - some clever analysis of openly available overhead imagery - Google Maps or similar - will allow them to concentrate on spamming properties which have them fitted,
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