Lazy and misleading or truth Which report

[Energetic]

And the BOE claims there's no proven link between inflation and QE...

 

[SolarCity]

Absolutely useless article.

As has been pointed out previously, £10k wasn't even the going rate for a 3kWp before the deadline, and it certainly isn't now. If you take all these poorly made assumptions then you get a predictably poor conclusion.

For example, we may as well consider what would happen to a solar panel if we assumed it was made of cardboard and someone threw it in the sea.

 

[FB.]

And the BOE claims there's no proven link between inflation and QE...

I know I said I'd be quiet, but the following links suggest a correlation:

Commodity Prices Show Strong Correlation With Fed Treasury Purchases - Seeking Alpha

How the Fed triggered the Arab Spring uprisings in two easy graphs - Telegraph


....and why shouldn't there be a correlation?

As I said earlier: inflation is not so much the cost of things going up, but more a case of the value of money going down because governments and central banks can't resist printing more of it to pay for their overspending.

 

[Earthstore]

Wish they would print me a barrow full...

 

[danesol]

One thing everyone even "Which" has overlooked or not applied is the very fact that you only have £ 5,640 every year (TAX FREE) to invest in a cash ISA, so a couple could of brought their Solar PV system with the excess money they had left over in one or more tax periods, so maximising their potential gain, so could have done both ..... LOL

 

[danesol]

Therefore if its money ppl have used out of an existing Cash ISA which is maintained annually, to pay for a Solar PV system or used money they would of put into a good paying Cash ISA ( ie. therefore NOT utilising their ISA limit ) the report will not be that far out, apart from what's been clarified already.

However if the Solar PV system has been purchase with money up and above what they couldn't invest in a cash ISA as they have reached that year's limit - the return of a PV system would be far greater as they would then have to compare against other Tax paying Interest accounts for example ......... which their surplus money was deposited in as it naturally couldnt go into an ISA that year.

So IMO not as straight forward as first thought................. as normal it depends on your own financial circumstances

 

[moggy1968]

One of the investment ideas we looked at was people taking money out of their pension funds to reinvest in PV. The FiTS is then reinvested back into their pension, effectively increasing their contributions and giving them a second bite of the cherry so to speak.

 

[danesol]

One of the investment ideas we looked at was people taking money out of their pension funds to reinvest in PV. The FiTS is then reinvested back into their pension, effectively increasing their contributions and giving them a second bite of the cherry so to speak.

No wonder the price of stamps have gone up - that was your fault was it - lol

 

[SRE]

I too have complained to Which - if anyone wants to do this it's dead easy and they might listen if enough of us do it. Here's the link Contact us - About Which? takes 2 minutes.

 

[SolarCity]

I'll definitely be doing likewise.

 

[Energetic]

Just a thought, WHERE ARE OUR TRADE BODIES in all this?

These people take our money to represent our interests. Where are the articles refuting the ingnorant, dishonest press reports full of bile and vested interest.

 

[screwdriver]

Just a thought, WHERE ARE OUR TRADE BODIES in all this?

These people take our money to represent our interests. Where are the articles refuting the ingnorant, dishonest press reports full of bile and vested interest.

They are there to take the money and kick you out when a customer complains, what else do you think they are there for? To help and support you? ha ha ha ha ha!

I think the article is nicely timed with the drop in tarif and cuts in renewables, almost as if it had been paid for by an energy company...........or at least that was where the figures came from!

Anyway I don't know about your customer base but in the south of England the majority of our installs are just under 4kw as that is easily what gives the best returns due to the fairly high initial fixed installation costs (plus the EPC red tape!)

The customers that go for less basically accept the returns are less as normally they just don't have room!

 

[Glen Powell]

This really winds me up, i have just started another thread about misleading media campaigns before even seeing this one. The bulk of the press never really understood any of this from the beginning.

I have just written a complaint to Which about this article, it's misinformed at best and deliberately incorrect at worst.

Their mandate from their website is: 'We focus on consumer issues and ensuring you have the information to make the right choices - whether that's by reviewing products or providing independent advice you can trust.'

With this article Which has failed the consumer.

From the article it is quite obviously an attempt to Sell cash ISAs from their site to which they earn money, this is not consumer focus other than click on the link and get an ISA.

I have forwarded it to our legal guy and asked him to see what he can do as it is obviously untrue and detrimental to the market, If we could achieve a revision of the article based on true figures it would be great, but my guess is nothing will happen.

 

[moggy1968]

press complaints commission?
be great if which got nobled for the sort of behaviour they claim to be campaigning against!

 

[Earthstore]

So who has received a reply from Which?

I have today, telling me I need to be a member!
A swift reply has been sent off explaining that the publication is for the public, so as a member of the public I have a right to complain.
I await their comments.