fbpx
New Enquiries 0344 854 7000
Existing Enquiries 0191 232 1123
New Enquiries 0344 854 7000
Existing Enquiries 0191 232 1123
New Enquiries 0344 854 7000
Existing Enquiries 0191 232 1123

Start your FREE Enquiry

  • This field is for validation purposes and should be left unchanged.

Solar Panel Scam

8 April 2022

Share This Story:

Mr O received a settlement of £5,000 and was able to keep the solar panels.

Full story below…

Mr O purchased a solar panel system after responding to an advert. He had wanted to save money on his electricity bills and considered that solar panels would be ideal for his needs.

During a meeting with the solar panel sales company, Mr O was assured that the solar panel system would self-fund and effectively ‘pay for itself’. He was  advised that the solar panels were an investment as they would decrease his electricity bills by a substantial 40%, and that they would also produce an income for 25 years from Feed in Tariff (FIT). The savings and income would therefore cover the monthly finance payments.

Mr O agreed to purchase the solar panel system using a 10 year finance agreement, paying monthly installments of £83.82 on the basis that he would make back at least this amount per month from the FIT and bill savings. Upon examining the FIT payments and the monthly bills, it became evident that he was saving a mediocre £13.00 per month, leaving a deficit of over £70.00 a month. Given this shortfall he was left with no option but to redeem the finance agreement from his savings.

A claim was made against the finance provider who initially rejected Mr O’s claim. TRUE were able to reverse the position after requesting that the Financial Ombudsman Service (FOS) review the complaint and the basis of the rejection. This resulted in a settlement with the finance provider of almost £5,000.00 with Mr O keeping the solar panels.

Mr O commented ‘I’m extremely happy with the result. The settlement that TRUE we’re able to obtain for me, has massively helped financially.’

Start your FREE enquiry today!

  • This field is for validation purposes and should be left unchanged.
Please Note: Estimate amounts are guidelines only. Your injury and recovery are as individual as you are. The amounts are guideline amounts only and any settlement will be based upon the evidence of medical practitioners.
  • british solicitors awards – best team of the year
  • british solicitors awards – best team of the year
  • british solicitors awards – best team of the year
  • Accredited Member of the Credit Hire Organisation
  • Law Society Conveyancing Quality Scheme Accreditation
  • British Claims
  • Brain Injury Association
  • Mass
  • Mass
  • Mass
  • BIG-logo
  • The Legal 500 - The Clients Guide to Law Firms