General Betting
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As no one seems to have answered your question, I thought I would.
I have sold dozens of systems so I do know the answer,
If you buy and have registered a system before 1st August you will make money over a period of time, it should take you about 6 years to recover your initial investment, thereafter you will make a very good income.
The present rate is 21p per Kwh is paid via the Feed In Tariff.
You are deemed to export 50% at 3.2p per Kwh
And you will save anything from around £100 a year to £300 on your electricity bill.
If you have room on South facing roof with a 30 degree tilt of a suitable size for 16 x 250w panels you will gain the optimum benefits.
System prices have plummeted in the last few months, so whatever you do don’t pay more than £7k
I have sold dozens of systems so I do know the answer,
If you buy and have registered a system before 1st August you will make money over a period of time, it should take you about 6 years to recover your initial investment, thereafter you will make a very good income.
The present rate is 21p per Kwh is paid via the Feed In Tariff.
You are deemed to export 50% at 3.2p per Kwh
And you will save anything from around £100 a year to £300 on your electricity bill.
If you have room on South facing roof with a 30 degree tilt of a suitable size for 16 x 250w panels you will gain the optimum benefits.
System prices have plummeted in the last few months, so whatever you do don’t pay more than £7k
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How does a £7k investment and savings of between £100 and £300 a year exactly end up in recovering your initial investment over 6 years?
I could stick £7k in an ISA and make £200 a year |
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Clydebank,
that is the savings on your bill, the main income comes from the FIT which is Index linked and starts at around £700 a year. the export tariff is also index linked. No one would bother if it wasn't for the FIT |
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Cheers
so is it a myth that you dont pay electric bills any more once the installation is paid for? eg a large enough array will meet typical householder's needs say 3kva. so if I paid 6k for an array and I currently pay 1k a year in electric bills then after 6 years the solar panels are paid for and I have free electric ? Hope you can clearify that please big aitch |
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should have added that I dont want an income - just free electricity if possible. (cos that IS an income)
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The present rate is 21p per Kwh is paid via the Feed In Tariff.
You are deemed to export 50% at 3.2p per Kwh This seems to be the key bit of info. although dont know what it actually means when broken down. Think you have to bear in mind...the hassle, what it looks like and most importantly when you are likely to move house as you wont be taking them with you. |
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Lex,
just checked on a recent quote I did last week, cost of system £6.750 savings/FIT/export over 25 years, £57,205, system paid for after 5 and a half years. ROI of 15% pa Clydebank, you are right, if you sell your house the system stays with it, but it does add value, so you will always gain, unlike with the "rentaroof" scheme where you end up encumbering your roof. |
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forgot to mention,
FIT and export tariff are Index linked |
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Can you have them fitted to listed buildings?
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you would need permission, I have never done a listed or Conservation Area
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Bummer
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you cant do thatched roofs for obvious reasons.
noticed someone put about solar tiles, you can get them, even ones that look like slates, but they are very expensive. You can get greenhouses with solar glass and carports now |
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big aitch ,
sorry to have been a long time before reading this , i've been working through the weekend. thanks for the detailed reply which is much appreciated. i had cooled on the idea but you're reply is making me consider again |
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Sorry to be pedantic - I do appreciate your replies - but
forget the FIT and ROI after the panels are paid for is the electric used then free ? eg I shell out 6k now. and I will never get an electric bill again ? |
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if you live near the coast adge, make sure you get salt certified panels, most companies can get Yingli's they are a good panel and salt certified
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Lex,
at the moment there is no economical way to store any excess electricity, so you will still get an electric bill as the panels only produce electricity during daylight hours. You will get the FIT for 25 years guaranteed, if in future storage batteries are viable (we were told at the Eco Build show recently they are in the pipeline) the Export Tariff will probably be dropped |
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Thank you v. much
I must admit, after reading some eco warrior type sites, I thought the electricity was stored ! well there ya go. Cheers  |