Quote:
Originally Posted by Traders
In a nearby town the council are installing solar panels on all of their properties...the tennents in these must be on a winner or is it the council ?? I would be well annoyed if thats where my council tax money was going.
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In this case the council will likely be getting all the benefit from the feed-in-tarriff whereas the tenants will probably be getting cheaper electricity when the sun is shining.
The banks and energy companies were doing a similar thing where you pay £99 and they cover the cost of the panels, the problem is they own the panels and obviously take the feed-in-tarriff. On a council property its probably simpler but on a private property this can then lead to a shared interest in the property and a potentially complications when you come to sell.
In the longer term it probably reduces the overall council bill as the installations will pay for themselves over time, then generating profit. Assuming that they are paying a competitive installation rate that is.