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Solar roof panels

Christmas Tree

By Christmas Tree ,
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trophyshy

trophyshy 7083

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Posted (edited)

You can get home improvement loans to do this and the Fits will (partly) pay off the loan, but once the loan is cleared you'll make significant savings. Spend to save, innit.

 

http://www.money.co.uk/loans/home-improvement-loans.htm

 

 

CT what is the width and depth of your house?

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Christmas Tree

Christmas Tree 4725

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You can get home improvement loans to do this and the Fits will (partly) pay off the loan, but once the loan is cleared you'll make significant savings. Spend to save, innit.

 

http://www.money.co.uk/loans/home-improvement-loans.htm

 

 

CT what is the width and depth of your house?

I would say about 9 metres by 7 metres.

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trophyshy

trophyshy 7083

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I've made some assumptions however the figures are underrated by at least 20% so it'll roughly balance out.

 

Your roof is probably large enough to fit a full 4kw system, 16 panels.

 

These would give you a payment in year 1 of around £500. This is RPI linked for 20 years so will climb, over the lifetime of the Fits you will receive around £16,500. That's an average annual payment of £825.

 

Your savings in the first year on electricity are estimated at £230, it could be more than this as it is assumed you will use just half the power you produce. If you're smart about it and run high energy devices in serial between 10 am and 2 pm then you could do better than this figure.

 

Assuming electricity prices continue to rise at 8.9% per annum (historical average over the last 12 years) then your savings over 25 years (this is the length of the guarantee on all panels these days) on electricity are estimated at £19,500. Of course you will continue to make electricity beyond this time.

 

Giving you a total return over 20/25 years of about £36k. If you could get the kit fitted for around £7k, then you clear £29k or, put another way, a government backed return of about 23% on your investment. Impossible to achieve elsewhere with no risk.

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Christmas Tree

Christmas Tree 4725

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I've made some assumptions however the figures are underrated by at least 20% so it'll roughly balance out.

 

Your roof is probably large enough to fit a full 4kw system, 16 panels.

 

These would give you a payment in year 1 of around £500. This is RPI linked for 20 years so will climb, over the lifetime of the Fits you will receive around £16,500. That's an average annual payment of £825.

 

Your savings in the first year on electricity are estimated at £230, it could be more than this as it is assumed you will use just half the power you produce. If you're smart about it and run high energy devices in serial between 10 am and 2 pm then you could do better than this figure.

 

Assuming electricity prices continue to rise at 8.9% per annum (historical average over the last 12 years) then your savings over 25 years (this is the length of the guarantee on all panels these days) on electricity are estimated at £19,500. Of course you will continue to make electricity beyond this time.

 

Giving you a total return over 20/25 years of about £36k. If you could get the kit fitted for around £7k, then you clear £29k or, put another way, a government backed return of about 23% on your investment. Impossible to achieve elsewhere with no risk.

That sounds a no brainer tbf.

 

Nice work.

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Gemmill

Gemmill 44888

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Well at least until you've achieved payback, but yeah this is really best for people who have no plans to move for at least 8-10 years.

Aye the wife's mate at work has had planning permission on her extension refused, so they're having to move and she can't take them with her.

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Renton

Renton 21627

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But wouldn't the panels be regarded as an asset added to the value of the house?

 

Must admit, I'm sceptical about the value of solar in this climate. Do the panels protect your roof or have any detrimental effect?

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trophyshy

trophyshy 7083

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But wouldn't the panels be regarded as an asset added to the value of the house?

 

Must admit, I'm sceptical about the value of solar in this climate. Do the panels protect your roof or have any detrimental effect?

 

It's not believed they add any value to the house directly, but if there are two for sale on a street and one comes with free electricity and a paycheck then that will sell first. Assuming it's not Ewerk buying.

 

Solar panels work well in diffuse lighting and even in northern Scotland people have been taking advantage of Fits.

 

The panels will protect your roof and are very tough themselves, they survive golf balls fired at them at 120kmh to simulate severe hail.

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The Fish

The Fish 10857

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It's not believed they add any value to the house directly, but if there are two for sale on a street and one comes with free electricity and a paycheck then that will sell first. Assuming it's not Ewerk buying.

 

Solar panels work well in diffuse lighting and even in northern Scotland people have been taking advantage of Fits.

 

The panels will protect your roof and are very tough themselves, they survive golf balls fired at them at 120kmh to simulate severe hail.

 

 

It's not believed they add any value to the house directly, but if there are two for sale on a street and one comes with free electricity and a paycheck then that will sell first. Assuming it's not Ewerk buying.

 

Solar panels work well in diffuse lighting and even in northern Scotland people have been taking advantage of Fits.

 

The panels will protect your roof and are very tough themselves, they survive golf balls fired at them at 120kmh to simulate severe hail.

If the other one comes with a family who'll tie you to a truck, he'll be in a real pickle

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DEADMAN

DEADMAN 0

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A number of councils are doing schemes to install efficient energy. Some solar and some air to water heat pumps. It makes sense as for council owned property the payback is worth it. I assume the council get a FIT and the occupant reduced energy bills. No FIT for the air to water (yet) but they cut bills massively especially in areas using oil for heating.

 

is there away of finding out if my council property is in the list for it.

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