FITs payments, who is the best?

[judgeelectrical]

i have been approched about the 45.3 p Fit, it was from utility warehouse. Dont have the full details, but if you sign with them you get the higher rate, they were into me to sell it to customers.

I looked into them a few years ago, and what put me off was the american style selling, and it felt a bit like pyramid selling, the more pople you get on board the more you get , then become higher up the laddrer and recivee more money.
Felt a bit, happy clappy for me, but appertley some people make a lot of money.

Not me though

 

[Scooby]

By 'locking in for three years', does that mean you won't benefit from the likely incremental cost rise due to it being index-linked to inflation? Ie, you are taking a gamble hoping that 45.3 is going to work out better over three years than a perhaps a near-zero inflation rise over that time?! A bit like gambling with a fixed-rate mortgage.

 

[judgeelectrical]

No, you will still get the inflation linked price raises. But i would assume the deal with the Utility warehouse would mean you have to get various other utilities with them to get the extra 2 p

 

[asqs342]

Sorry, what does FIT stand for?:81:

 

[malcolmsanford]

Feed in Tariff

 

[TJLinks]

Sorry, what does FIT stand for?:81:

and what does PV stand for?????

 

[asqs342]

I know this one - Photovoltaic

:gunsmilie:

 

[nbown]

has anybody had issues with British Gas?

 

[SolarCity]

Yes, very much so. They're awful.

 

[nbown]

Thanks BiggsSolar, i thought that being one of the big one's they would still be around in 25years time, however i don't want 25years awful service.

 

[hionthehill]

iv'e not had a problem with BG, they were realy quick with the paper work, it was all done in a day, not given any readings yet though..

 

[SolarCity]

Sorry, I was talking from a Feed In Tariff point of view. As installers I'm not sure.

One thing I would say, I doubt you'll get anything like a bespoke system.