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Reason i ask is because you can get a 4 kw system for £4000 ...
Where ? Does that include the invertor, wiring and the frame to put them in your garden ?
G
That ll buy you the panels only , but you only require a frame and the rest of the electrical bits.....
Two things:
1. You only get the feed in tariff if installed by a registered installer, so your £4k DIY system would only save you electricity at about 13p/kwh. You dont get the 44p feed in tariff paid to you for all you generate, or the extra 3p for 50% that you generate that is assumed you haven't used.
So for an officially installed system you get per Kwh you generate:
Free electricity saving 13p
Feed in tariff paying you 44p
3p on 50% assumed to be exported =1.5p
Thats 58.5p per Kwh!
2. This appears to give a massive return on your investment. But be careful when comparing the approx 10% p.a.return you see from your investment in solar paneds with the 4% p.a.you might get from a 5 year bond in awith a building society.
The return is far better, but is not good as it appears. At the end of your five year bond you can have your investment back as well as the taxed interest you have recieved, but with the solar panels they are still sitting on your roof producing electricity.
So the pay back on solar panels is impressive and tax free, but you have spent the money and can't use it for naything else.
Having said all that we have invested in a system, to go with the solar hot water that has also been a fantastic money saver over the six years we have had it.
I suppose I should whisper that I am accountant and this does not constitute professional advice.
That ll buy you the panels only , but you only require a frame and the rest of the electrical bits.....
Thanks...our 3.7kW ( 2 areas of panels, one on East and one on West facing roof) system is generating away as I write and we're delighted with it but the invertor alone - comes under "rest of electrical bits" on your definition- comes in at £1400 and then you've got the rest.
We asked Tesco for a quote but were a little wary about all the possible additional charges so did not go ahead. They'd only just started doing it then so perhaps things are different now.
If anyone is thinking about it then be aware that you have until 31st March 2012 to sign up. That date is when the current 43.3p FIT is due for reassessment on new domestic installations though it will remain at that figure on existing ones.
If your over sixty five why bother you might live long enough to get your money back, but its a gamble better spending the money on a good time or down sizing and bank the profit, Over sixty is spending time not saving time that's for the young, your in the raining time now the more you have the more tax you pay you cant win so why try
I reckon the payback is 5-7 years and while I won't be able to retire on the income thereafter it will mitigate my electricity costs significantly - and as these are going up year on year through (a) the cost of the power and (b) the fact that we are seemingly using more and more "wiggly amps". Even the so called low power revolution has turned into a damp squib with low energy lightbulbs not lasting 7 years, low energy washing machines being put on more often because they use less power, etc etc so I'm totally sold on the idea of panels. I will soon be able to wash my smalls with impunity!
Curiously south facing roofs don't necessarily seem to be the right place - we are getting 3 blocks of panels - 12 in total - spanning across 2 x east roofs and 1 x south thereby maximising potential on the panels.
I first got in touch with [url]http://solar-energy.quotatis.co.uk/ [/url]who put me in touch with loads of companies operating in my local area. Some of them turned out to be rubbish so you need to keep your wits about you.
I reckon the payback is 5-7 years and while I won't be able to retire on the income thereafter it will mitigate my electricity costs significantly - and as these are going up year on year through (a) the cost of the power and (b) the fact that we are seemingly using more and more "wiggly amps". Even the so called low power revolution has turned into a damp squib with low energy lightbulbs not lasting 7 years, low energy washing machines being put on more often because they use less power, etc etc so I'm totally sold on the idea of panels. I will soon be able to wash my smalls with impunity!
Curiously south facing roofs don't necessarily seem to be the right place - we are getting 3 blocks of panels - 12 in total - spanning across 2 x east roofs and 1 x south thereby maximising potential on the panels.
I first got in touch with [url]http://solar-energy.quotatis.co.uk/ [/url]who put me in touch with loads of companies operating in my local area. Some of them turned out to be rubbish so you need to keep your wits about you.
I reckon the payback is 5-7 years and while I won't be able to retire on the income thereafter it will mitigate my electricity costs significantly - and as these are going up year on year through (a) the cost of the power and (b) the fact that we are seemingly using more and more "wiggly amps". Even the so called low power revolution has turned into a damp squib with low energy lightbulbs not lasting 7 years, low energy washing machines being put on more often because they use less power, etc etc so I'm totally sold on the idea of panels. I will soon be able to wash my smalls with impunity!
Curiously south facing roofs don't necessarily seem to be the right place - we are getting 3 blocks of panels - 12 in total - spanning across 2 x east roofs and 1 x south thereby maximising potential on the panels.
I first got in touch with http://solar-energy.quotatis.co.uk/who put me in touch with loads of companies operating in my local area. Some of them turned out to be rubbish so you need to keep your wits about you.
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