Solar Panel FIT Ownership help

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Joined
7 Apr 2009
Posts
1,830
Location
Greenock, Scotland
I purchased my house nearly 10 years ago that had Solar panels already installed by the previous owner.

What we didnt know at the time was that they where installed by HELMS who where up to some shady practices and conned a lot of people into going for their "Green Deal"

We have recently decided to sell our house but the panels where sold on a payment plan of 25 years with oayments coming from my electricity bill since whe purchased the property.

I have managed to track down the company that has taken over dealing with the repayment on the contract as I was wanting to oay off what was left on the loan.

The main problem is trying to track down the current owners of the FIT as it looks like not only was the Green Deal set up to pay for the panels but the actual FIT was turned over to another company so I dont actually receive any payments from the energy produced by the panels.

I have contacted various companies to try and find out how to contact the current FIT owner and I have been told it is a company named PVSI.co.uk.

Searching for details on this company returns an actual bome address here in Scotland but ASAIK this company has ceased trading.

I was thinking if I couldn't get anywhere with transferring the FIT to me then I could maybe pay off what was left on the loan agreement and then have the panels removed from my roof. Does this sound like an option. The way I am looking at it is if there are no silar panels then there is no need for a FIT.

Sorry for the long winded post but I would be very grateful for any advice.

P.S sorry for any spelling mistakes. Im typing this out lying in bed on my phone.
 
Did a quick search.

Following the liquidation of PV Solar Investments Ltd (PVSI) and related companies like HELMS (Highland Eco Management Solutions) around 2017–2018, the responsibility for repayments, specifically for finance agreements tied to mis-sold solar panels, fell to the original finance providers, primarily Barclays Bank.
BBC +1
Here are the key details:
  • Barclays Involvement: Thousands of customers who were mis-sold finance to purchase PVSI/HELMS solar panels filed complaints against Barclays, which provided the financing.
  • Mis-sold Claims: Customers were often told that income from the panels (Feed-in Tariffs) would cover the loan costs; however, the systems often underperformed.
  • Continued Liability: Customers were still required to make repayments to the finance provider, leading many to seek compensation from Barclays for the financial losses incurred after PVSI/HELMS went under.
  • Directors Involved: Robert Skillen, a director of the liquidated HELMS and involved with PVSI, later surfaced offering "mis-sold energy claims" advice through a company called True Solar Savings.
    UK Parliament +4
If you are affected by this, complaints are usually directed toward the lender who provided the finance for the system.
 
Did a quick search.

Following the liquidation of PV Solar Investments Ltd (PVSI) and related companies like HELMS (Highland Eco Management Solutions) around 2017–2018, the responsibility for repayments, specifically for finance agreements tied to mis-sold solar panels, fell to the original finance providers, primarily Barclays Bank.
BBC +1
Here are the key details:
  • Barclays Involvement: Thousands of customers who were mis-sold finance to purchase PVSI/HELMS solar panels filed complaints against Barclays, which provided the financing.
  • Mis-sold Claims: Customers were often told that income from the panels (Feed-in Tariffs) would cover the loan costs; however, the systems often underperformed.
  • Continued Liability: Customers were still required to make repayments to the finance provider, leading many to seek compensation from Barclays for the financial losses incurred after PVSI/HELMS went under.
  • Directors Involved: Robert Skillen, a director of the liquidated HELMS and involved with PVSI, later surfaced offering "mis-sold energy claims" advice through a company called True Solar Savings.
    UK Parliament +4
If you are affected by this, complaints are usually directed toward the lender who provided the finance for the system.

Surprise surprise, director of an energy related company turning from poacher to gamekeeper.

I'd get your (house selling) solicitor to do the digging and sort it for you, any potential buyers of your house will want the same.
 
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