'Free' solar power deals lacking in heat
We’re all keen on using alternative sources of energy that won’t kill penguins, and solar power seems to be becoming increasingly popular, what with Lord Sun being our best friend and that.
As a result, there’s been an increasing number of deals on the market of late, with companies offering free solar panels in exchange for a slice of the money saved against regular, penguin-killing energy bills.
But it seems that the deals aren’t all that they’re cracked up to and that you might be better off funding the purchase and installation of the solar panels yourself rather than being dazzled by the word ‘free’.
The Guardian report that: “under the "free solar" model, a homeowner would save in the region of £2,750 on energy bills over 25 years, the length of the tariff offer. By paying for their own panels with a loan at 7.7% interest repaid over 10 years and earning income from the feed-in tariff, they could save around £6,506 over the same period.”
Additionally, Consumer Focus have published a lengthy checklist of 24 questions that anyone planning to install solar heating should probably be asking, including ‘If a giant comes along and puts his thumb on my solar panel, will my telly stop working?’
Ah hang on, we’ve just checked. That isn’t one of the questions. Sorry.