About 50% of all homes across Britain could take part in a new £7b initiative known as the ‘rooftop bonanza’ which is worth about £1,000 a year to each person who takes part.
Households that want to take part in the ‘rent a roof’ program designed to help promote green energy do not need any capital to get involved. Those who can afford £10,000 or more can choose to purchase guaranteed incomes that will be worth about 8% every year by selling them to the ‘feed in tariff’ provided by the Government.
If this sounds like too much to possibly work, then you may want to steer away from clever marketing claims that other solar panels outside of British Gas who are directly involved in the project are making in an attempt fool customers to taking their deal instead.
Consumer group Which? found recently after a thorough investigation that many solar panel companies are not using clear marketing methods. To top it off, at the moment there is a great deal of debate in the industry about which solar panels are actually the best choice and which ones may in fact cause health risks.
British Gas stated that householders that are unable to pay for their panels after two years, which is the interest free period on the ‘rent a roof project’ will be subject to normal credit terms although the company declined to explain what they considered to be ‘normal.’ These vague details are often what lead consumers to make the wrong choices when it comes to a solar panel company with an offer that seems almost too great to be believable.
Consumer Focus member, Liz Laine, stated that while free solar panels can help reduce the cost of electricity bills, consumers need to carefully review what the long term stipulations in the contracts are so t they make sure they are not getting scammed in the long run or overcharged.
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