Skip to main content
Observer Ethical awards Winners 2011

YouGen Blog

Share Solar offers cashback to early adopters of solar PV and Feed-in Tariff

Posted by Alex Barrett on 17 June 2016 at 12:05 pm

“Share Solar” is a new scheme from Abundance, a company that promotes itself as an “ethical investment platform”. They are offering a cashback scheme for early adopters of solar photovoltaic (Solar PV) technology. The investment company will buy the rights to the Feed-in Tariff (FiT) payments for a large number of early solar PV installations. Households who opt into the scheme will get a lump sum equivalent to their future Feed-in Tariff payments.

The scheme is open to households in England who had solar panels installed before the FiT rate decreased in April of 2012. Abundance point out that this means their investors will be getting return from systems that have been operating for several years, and so are proven to be reliable. Households will continue to get free electricity, and will benefit from regular maintenance of their systems. The company hopes that the money that households gain from the cashback scheme will then be invested in battery technology, or other renewable energy equipment, thus creating a “virtuous circle”.

Abundance’s investors will gain the benefits of the Feed-in Tariff payments, getting a continual return for their investment over the life of the Solar PV system. Since these systems are expected to continue generating for the next twenty years this is a long term investment. The upfront payment is expected to average around £11,000 while investors can expect a regular return on their investment for many years to come.

More information about the scheme can be found on Abundance’s website.
 

STOP PRESS: New YouGen member, Just Energy Solutions, has just alerted us to their own Solar Buyback Solutions offer which they say was, in fact, 'the UK's first solar PV buying service.' It works along similar lines by enabling owners of domestic or commercial PV arrays to sell their systems for a lump sum whilst continuing to benefit from the free electricity the system delivers.

References

  1. Abundance: Share Solar
  2. Abundance Blog: Share Solar - a new approach for income investors
  3. See news renewables.
  4. British Photovoltaic association.

Photo: SuperHomes

If you have a question about anything in the above blog, please ask it in the comments section below.

Like this blog? Keep up to date with our free monthly newsletter

Comments

1 comments - read them below or add one

FrancisMcN

FrancisMcNComment left on: 19 June 2016 at 9:24 pm

Any householder would be strongly advised to have the contract that they are offered by Abundance checked by a solicitor and their mortgage provider before even thinking of signing.   How much does Abundance state they would charge if the householder had to have the PV removed to make his house saleable for example?

Additionally, the position on tax is a bit of a grey area - it wouldn't surprise me if HMRC started wanting Capital Gains Tax paid on the payment from firms like these 

report abuse

Leave a comment

You must log in to make a comment. If you haven't already registered, please sign up as a company or an individual, then come back and have your say.