Barclays Self Funding Solar Panels

The company has set aside 38 5m part of which is to fund payouts to.

Barclays self funding solar panels. Barclays partner finance part of the wider banking group sold financing arrangements for solar panels between 2011 and 2015. Barclays is one of a number of institutions reportedly under investigation over high pressure sales tactics and mis selling of loans to fund domestic solar panels. Barclays bank has put aside 38m to deal with potential claims. The bbc says that two defunct companies pv solar uk and myplanet are accused of mis selling loans from barclays bank to fund domestic solar pv systems supplied and installed by them.

Meaning if you spent 10 000 to install solar panels you are eligible for 3 000 in tax credits. Thousands of customers have complained about being mis sold finance for the installation of solar panels on their homes roof according to a bbc news report. Barclays said a 38 5million fund had been set up to compensate customers across a number of different product areas including solar panels. Barclays hit by solar scandal some buyers were misled into thinking rooftop panels would pay for themselves the financial ombudsman service has received complaints from a number of people who.

If your tax liability is 3 500 before you apply the credit it becomes 500 after the credit. Brian thompson from rowlands gill gateshead told bbc inside out he was contacted by a salesman for pv solar uk but told him he did. Shawbrook bank was contacted for comment.