Solar Panel Claims
Mis-sold Solar Panels
Many left in debt with no chance of a return on their investment
Recently we have seen an increase in cases where consumers are reporting a large gap between the loan payments and their FIT payments they are receiving. Despite being told that the solar panel would be self-funding our clients are having to find significant sums of money each year to avoid defaulting on their loans.
If you find yourself in this situation then call us now on 03003033819.
During the period 2012-2015 Government incentives for green energy resulted in the solar industry exploding. New installers were created every day desperate to gain some of the action. These installers expanded and gained market share often by forecasting unrealistic returns and other mis-selling techniques. The incentives were reduced as the cost price dropped and the industry collapsed almost overnight.
Many consumers that bought solar panels from the companies listed below, which have all now ceased trading, may feel that they have been mis-sold their systems. If you bought a system from any of these companies, or any other where you felt pressured into buying a solar pv system then please call us:
Once the FIT payments dropped in 2015 the solar PV industry contract even quicker than the expansion but along the way they sold many thousands of solar PV systems, the current installed base is in excess of 700,000 systems.
Some consumers have never received the appropriate paperwork with which to register their systems for FIT’s payments. Other received it too late to register for the incentive banding that they had been promised, further reducing the benefits of purchasing solar panels.
To make matter worse we are hearing from some consumers who were first contacted by unscrupulous sales staff ‘cold-calling’ elderly consumers, many of whom were approaching retirement, or had already retired. The consumer was then visited by a sales representative who worked solely on a commission only basis. Many were selling solar panel systems where many of the elderly customers had only their state pension with which to fund the repayments.
Many of these consumers are unlikely, due to their age, to ever see any financial benefit from their purchase during their lifetime.
Not so lucrative incentives
The lucrative incentives that were once on offer to homeowners in the UK may not be as attractive as they once were. In 2013 the FIT payments were 15.44p/unit generated, the death nail for the industry came on the 15th January 2016 when the FIT dropped from 12.33p to 4.50p/unit.
Gamekeeper turned Poacher scenario
We understand that many consumers that have bought solar panels, in particular from the companies listed above, have been subjected to “cold calls” and mailshots from “claims companies” that seem to know that they have bought a solar panel system, and who from.
If you receive any form of communication from a company such as this, then please ignore such communication, and if you do feel that you want to make a claim contact a solicitor, such as ourselves. Solicitors are regulated by the SRA, and they do not “cold call” members of the public, or buy databases.
In addition, the work that a solicitor will undertake on your behalf is likely to be more thorough and professional, than that of some of the claims management companies, who may adopt a “one size fits all” approach when filing claims.
Has this happened to you?
Our Lawyers at Lincoln Green have helped many people in these situations. If you answer yes to any of the questions below we may be able to help you too.
• Are unhappy with the performance of your solar panels?
• Were you led to believe the solar panels would be self-funding when they are not?
• Did you purchase the solar panel with a loan in part or on credit card?
• Have you made a previous claim that has been rejected by the lender?
Many of these solar PV systems and their ancillary products have been sold on finance where principally, Barclays Partner Finance, Shawbrook Bank, Hitachi Capital or Creation Consumer Finance were the lenders, and involve consumers often repaying loans between 10 – 15 years.
Find out if you have a claim
Lawyers at Lincoln Green have extensive experience in recovering money for victims of mis-sold Solar Panel products. If you have been exposed to aggressive sales practices arising from the kind of promotions described above, then please contact us, as we may be able to recover any monies that you have paid them under a “no win no fee” agreement.
Call one of our team
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Find out if you have a claim
The information on our website is intended to provide an overview of the services that we provide and does not constitute legal advice. If you wish to discuss your particular circumstances please contact us.
Authorised and regulated by the Solicitors Regulation Authority SRA No. 650601
Registered office: Artemis House, 4 Bramley Rd, Bletchley, Milton Keynes MK1 1PT