'Beware Of Wrong Advice From Solar Panel Companies'
"); jQuery("#212 h3").html("

"); });
2021-11-15 HKT 13:13
The Consumer Council has urged people who plan to set up solar panels under the government’s feed-in tariff scheme to make sure the devices comply with the law.
Under the scheme, people can sell solar and wind power they generate into the grid at a rate about five times higher than the normal tariff rate.
But the council’s Chief Executive, Gilly Wong, said on Monday that it had received complaints about wrong advice given by installation companies.
"There are complaints relating to the claims of the contractor over whether your electric system meets the requirement of the power company. For example, the illegal construction on your rooftop. In many cases, the contractor said that it is not necessary to fulfill all the lands and buildings regulations, but this is completely wrong," she said.
In one instance, a woman was advised by a company that she can keep an exempted unauthorised structure on her rooftop, and a canopy with solar panels can be built next to it.
But she was later told by the Buildings Department that a rooftop where the system would be installed has to be cleared of unauthorised works.
Other complaints were related to delays and failures in installing the solar panel systems or unsatisfactory maintenance services.
The council said it received 18 complaints regarding solar energy systems in the first 10 months of this year, compared to 15 cases the whole of last year.
The council added that the systems must pass tests performed by the relevant power companies and be registered with the Electrical and Mechanical Services Department as a power generation facility.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more