Money saving guru Martin Lewis warns consumers of free solar panel installation schemes


Money saving guru – Martin Lewis has warned consumers of free solar panel installation schemes during a recent Radio 2 broadcast.

The ‘money expert’ warned of the pitfalls and dangers of free installation and ‘debt-based’ installation schemes, where partial installation costs are paid up front with the rest being promised from the savings an installation makes.

As with any financial advice, it’s up to homeowners to examine the facts and the paperwork carefully before agreeing to anything.

As the UK’s love affair with solar panels continues to grow (by as much as 50% a month), he warns of further offers being forthcoming in an attempt to seduce homeowners and with British Gas now offering their own installation schemes, it won’t be long before solar panel salesman are as common as double glazing salespeople.

Read the full report on what Mr Lewis had to say by clicking here.

photo credit: ctd 2005

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