Barclays Self Funding Solar Panels

The company has set aside 38 5m part of which is to fund payouts.

Barclays self funding solar panels.

Were you told the panels would be self funding. In december 2018 the government confirmed its intention to end solar panel incentive payments on 31 march 2019 meaning people who have solar panels installed after this won t receive payments for generating electricity or exporting it to the grid. The bbc says that two defunct companies pv solar uk and myplanet are accused of mis selling loans from barclays bank to fund domestic solar pv systems supplied and installed by them. Barclays partner finance part of the wider banking group sold financing arrangements for solar panels between 2011 and 2015.

Barclays is facing a 38 5 million bill to compensate households over solar panel loan mis selling and other failings by businesses that brokered its finance deals barclays partner finance a. Lincoln green solicitors are acting for hundreds of people who were tricked into purchasing solar panels. Joan and david rowe from upminster essex fell victim to a door to door solar panel salesman who signed them up for a 14 000 loan claiming they would be better off. The panels are self funding they also stated they had a partnership with the government to provide the panels as in grants.

Barclays bank has become embroiled in a fresh mis selling scandal after the ombudsman found evidence that some households were misled into taking out loans to put solar panels on their roof the. Barclays partner finance solar panels missold. I have received 35 less generation than the contact said i would produce annually. That they will not cost you a penny you now know nothing could be further from the truth.

If you already have solar panels this won t affect you you ll still get your payments. Shawbrook bank was contacted for comment.