Finance

[7073jeremy]

Hi, Does anyone have any experience of getting a loan to finance a PV installation?
The government has promised 'Pay as you save' loans but I fear that by the time they are introduced the feed-in tariff will have been withdrawn.
Any suggestions?

[Ted]

Try your bank or mortgage company first.  You could also see what offers your electricity supplier might have - but they are probably not going to be the best deal.

[smegal]

What about using one of the "free PV" companies. I don't think it is wise funding PV with debt.

With the "free" companies you don't get the FIT but you get the generated electricity for free.

[billt]

As with all these things, it depends on personal circumstances, but it still looks like a good investment even if you have to borrow money. I'm getting quotes at the moment and the basic rate of return looks like 10-11%; even if you borrow money at a reasonable rate of interest you'll still be getting a return of about 4.5%. That's just with FITs and exported power, add in the power that you haven't had to buy and it's more like 7%.

Those "rent a roof" schemes need to be looked at very carefully, you may be adding a significant complication if you want to sell your house.