graduate_owner
Established Member
For what it's worth, here is my experience, although things have changed since our panels were installed. We had a 4 kW system (16 panels) installed on a shed roof as the house orientation was far from ideal I preferred that anyway, rather than having holes drilled into the slates. We get the full FIT payments because the installation was about 14 years ago. We generate an average of 3400 units based on those 14 years, and the figure does not seem to change much each year even though we were told there would be a fall off in output after a few years. The orientation is South East, and location is mid to West Wales. At the time we didn't know if it would be a good investment because it was a new scheme but it has turned out to be excellent and I wish I had installed a larger system. I have an device which diverts excess power to the immersion heater and we get free hot water from about mid March to mid October, very rarely needing to top up with the oil boiler. We don't have a smart meter so the electricity board pay us the deemed export figure of 50% of generated power. Overall I estimate the system to be worth around £3000 per year now. (3400 x £0.6023 Fit, + 1700 (deemed export) x £.0426 + 1700 x approx 52p (expected cost of units used but not imported from grid, likely to increase) + £amount saved by having free hot water = anybody's guess. So £2047 + £72 + £884 + water heating costs saved. It cost £12,500 to install plus £500 planning permission since the system was installed 'outside the curtilage of the residence'. That figure was worth more then than now of course. Overall though a really good investment, payback in around 9 years and it is a 25 year scheme, tax free.
Overall, the only thing relevant to this discussion is the units generated and location / orientation of the panels. Sorry for the extra drivel.
K
Edit. If electricity goes up to 78p per unit, as one forecast suggests, then 3400 units generated would be worth an estimated 1700 x £.78 = £1360 off your bill plus any export payment from the electricity supplier. With a 4 kW system now costing around £5-£6k, it is payback within around 5 years. Seems like a no-brainer to me.
K
Overall, the only thing relevant to this discussion is the units generated and location / orientation of the panels. Sorry for the extra drivel.
K
Edit. If electricity goes up to 78p per unit, as one forecast suggests, then 3400 units generated would be worth an estimated 1700 x £.78 = £1360 off your bill plus any export payment from the electricity supplier. With a 4 kW system now costing around £5-£6k, it is payback within around 5 years. Seems like a no-brainer to me.
K
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