Free Solar Panels worth £10k+

It's a good incentive and even if you fund it yourself you still get a good return on your investment with the new higher feed-in tariff rates. And it helps us meet our carbon targets while taking load off the grid. It's win all round really.
 
I wonder if students would find it appealing if they knew the house had solar panels and they would save money on electricity? Got a couple of student houses and am trying to think of ways to make them more appealing to students!
 
xrs said:
I wonder if students would find it appealing if they knew the house had solar panels and they would save money on electricity? Got a couple of student houses and am trying to think of ways to make them more appealing to students!
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As a very recent ex-student, I'd say so. Students don't really care too much about the aesthetics of a house and most would love a large reduction in their electricity bills.
 
chipperhead said:
I've expressed an interest with a shade greener, however I'm going to look at costing it up to do myself (maybe it's not possible?).
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It's entirely possible to do it yourself, but you won't benefit from the FiT payments as you need an MCS registered installer to get that.
 
What if this FIT is eliminated before 25 years are up?

These solar installers are taking a pretty big risk, unless they continue to own the equipment.

Let's take the ideal scenario of receiving £800 a year in perpetuity with a discount factor of 8% for the risk.

NPV of revenues is £10,000. How much does the equipment and NPV of maintenance cost?

edit:

Even if say the FIT is adjusted for inflation at say a long term average of 3%, NPV of revenues is still only £16,000 in perpetuity.

edit2:

Well apparently RBS are financing the whole thing, so I imagine they must be getting a lot more than £800 revenue a year per household (for what the BBC article says is £20,000 worth of equipment). As otherwise it currently doesn't make any sense.
 
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ghost101 said:
What if this FIT is eliminated before 25 years are up?

These solar installers are taking a pretty big risk, unless they continue to own the equipment.
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I think it likely that FITs won't last the whole 25 years, it's not really the installers who are taking the risk but their creditors. RBS you say, well that's mostly in public ownership anyway, so this scheme is backed with public money, our money at the end of the day.
 
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