Why Getting Free PV on your Roof is a Bad idea

The subsidies offered by the government for PV panels – panels that produce electricity – were for the past two years or so incredibly generous. In fact the subsidies were so generous that businessmen found it highly profitable to turn the subsidy into a derivative government bond. What these businessmen did was to offer the free use of PV panels on a householder’s roof so that the householder could get free electricity in the daylight and the owner of the panels would get the subsidy, paid on the basis of a metered feed in tariff. Having installed PV panels on many roofs the panel owners would sell the income as a bond offering a secure 25 year income stream to people or institutions that needed an investment. Continue reading