srhutch said:bigbensnr said:Its definatley better to pay for the install and retain the feed in tariff for yourself.
I've just put a price together for a 16 panel system in southampton facing due south/south east and over the 25 year periodic he should expect a return of £45,000. Cant beleive there is a better investment at this moment in time.
I'm happy to answer any queries you might have.
That figure sounds high, and what happens when the Gov reduce the FIT amount, which is going to happen.
ksher said:British Gas gives the following figures (using 2.3 kWp solar PV system)
Average annual saving on your electricity bill
Generating your own electricity means you don't have to buy it from your supplier - you'd normally pay us 13.194p per kWh if we supplied your electricity1. The average customer will generate 1,785 kWh of electricity per year so if you generated 50% of your own electricity each year you'd save:
£118.76 (977.5 kWh x 12.15p)
)
ranski said:There are quite a few house (large and small) by me with panels and they are bloody ugly.
Whatever the savings are (if any) it would put off the majority from buying if and when you came to sell
pvr said:Do you think we have put him off yet?![]()
srhutch said:bigbensnr said:Its definatley better to pay for the install and retain the feed in tariff for yourself.
I've just put a price together for a 16 panel system in southampton facing due south/south east and over the 25 year periodic he should expect a return of £45,000. Cant beleive there is a better investment at this moment in time.
I'm happy to answer any queries you might have.
That figure sounds high, and what happens when the Gov reduce the FIT amount, which is going to happen.
and if there wasn't the profit in it there wouldn't be companies fitting it for free to gain the feed in tariff.srhutch said:So if I have a system fitted my FIT will be 43p for ever if fitted before March 2012, although as you say this in effect could be reduced by tax later on.
I really don't think the free option is worth it for me as we are low users during the day, so to purchase a system and return all the energy to the grid would appear to be the better option.
Guess I need to get some quotes to install at my cost and do the sums.
I'm lucky like Andy where my panels would be on the back of the house so not visible.
roofless said:Can you imagine your feeling as a potential purchaser turning up to look at a house only to discover that if you buy it you are contractually obliged to use the electricity contract that a previous owner has entered into!!
This is untried territory from the viewpoint of selling your home and the implications are yet to be felt.
I haven't looked into some of these deals but have to say i would be wary of signing yourself up to an electricity deal for 25 years. Would you do it with British Gas?
I'm all for the green option but my cynical nature says no one is in this to be charitable.
Mrs roofless and i are hoping to build an extension to our home, i would love to have solar but assuming we might move within the next 10 years i find that the cost of installation is greater than the saving, in 10 years time the panels may have just paid for themselves, at which point they have probably reached their life expectancy. (this is for heating not pv for electricity by the way). Returning to the PV subject, take legal advice from your solicitor, it's worth spending a little now to avoid a big problem later. Personally i think this 'free energy' sales pitch is going to provide a host of problems in the future particularly when you come to sell, let's face it on average we move every 7 years!