Solar Buy Back

[Overby]

Has anyone been approached with this offer?
If you have a solar installation that is forecast to pay 30k over 20 years, these companies offer you a figure, say 15k, which you receive now, but they then collect the FiT for the next 20 years.
You still benefit from the free electricity for the duration.

Any experience or thoughts?

 

[Beefsmith]

Has anyone been approached with this offer?
If you have a solar installation that is forecast to pay 30k over 20 years, these companies offer you a figure, say 15k, which you receive now, but they then collect the FiT for the next 20 years.
You still benefit from the free electricity for the duration.

Any experience or thoughts?

Yes we’ve had quite a few now. They are all much of a muchness at 50% of the FIT. Make sure they take on the maintenance of it in the agreement to include cleaning and repairs.

 

[Exfarmer]

I would be interested if anyone is looking to cash in such systems.

 

[Beefsmith]

I would be interested if anyone is looking to cash in such systems.

We did the risk analysis of it and the buyer would have to be offering 75% of the remaining FIT to make it viable because these system are generally reliable so ongoing costs are minimal.

 

[Exfarmer]

We did the risk analysis of it and the buyer would have to be offering 75% of the remaining FIT to make it viable because these system are generally reliable so ongoing costs are minimal.

Yes true , but you have to take interest into account and the cost of maintenance will be appreciably above just the spares. There are a little mited amount of electricians qualified to work on DC

 

[Beefsmith]

Yes true , but you have to take interest into account and the cost of maintenance will be appreciably above just the spares. There are a little mited amount of electricians qualified to work on DC

Our systems are 70kw and now 8 years old. Each one costs us £600 per year in total for cleaning (once £400) and a service check over (£200). In 9 years we’ve replaced one cable.

 

[Exfarmer]

I have one system where we have spent nothing but cleaning another where there has been consistent small niggles. Both are the same, high quality manufacturer. The small niggles have all been promptly replaced but we have had to pick up the labour cost. The issues may have been caused by DNO issues but try billing them

 

[f0ster]

we get a lot of issues with grid voltage being too high, we find it is quite often about 251vac which then goes up to 253vac when the inverter is generating and then it does a restart due to high voltage and the g59 upper limit being reached, we have informed the dno and he puts a monitor on the line but if it only reaches 253vac occasionally he wont do anything about it. but there is an easy fix for this if the dno wont do anything.

 

[akaPABLO01]

I’ve had beco energy
https://www.google.co.uk/amp/s/www...._steps_in_to_rescue_insolvent_solar_firm_beco
Sniffing around my installs, the last was April. The paper I was shown had the offer but on the back page a 6p PPA

MAKE SURE YOU READ EVERYTHING, and even involve a contract solicitor before signing anything if you need to liquidate quick assets.