It demonstrably is for many?
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
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Sure after you spend 5 figures initially and wait years to break even lol
Or you could invest that cash and double it in that time...
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You need to do some maths.
The return on solar is like 12-15% a year and that is guaranteed. Now go find me an investment which is guaranteed with the same returns.
How is it 10-15% a year when you are going to have to wait about 8 years just to see your money back...
Are you dumb? Its saving you money you have to spend anyway.
But you aren't really getting a return or profit until it's paid off.
If you put 10k in to a good stock 8 years ago you'd have made way more. If you put it in bitcoin you'd have well over 100k. Then you could have bought the stupid solar panels with pocket change.
It's not a good investment long term. Don't believe everything the salesman tell you
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Honestly, your answer to this is 'you could have put it in bitcoin?'
You could have put it in a lot of things which are a much better long term investment.
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Then you wont have any problem citing just one investment which is guaranteed to return those numbers will you?
Nothing is guaranteed including solar. A bit like how the government changed their mind about EVs having 0 road tax
Even Nvidia has gone up 20% in a year and that's after Trump crashing the markets.
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So the government will be turning the sun off someday soon as a tax grab?Nothing is guaranteed including solar. A bit like how the government changed their mind about EVs having 0 road tax
Even Nvidia has gone up 20% in a year and that's after Trump crashing the markets.
Indeed.
Could also have ****** it up against the wall at a bookies. Or you know… guaranteed the return with solar.
I was about to make a similar comment about labours next plan to tax the sun..
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They can change how much you are getting for any excess energy generate. They have in the past.
You are making short term savings, you aren't really making a return until it's fully paid off. Then you need to consider that the panels will degrade and generate less and less as they age.
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Good thing is even without export payments it is still a good investment, also the government have set a much lower level of guaranteed payment, the higher rate is really down to energy companies.
Yes panels will degrade, again though I can tell you have not even looked into the rate of degradation. Hint - its not substantial enough to make any impact on the investment return.
Honestly the sums have changed, the 'chuck it in the stock market instead' argument had more weight to it a few years ago when solar prices were much higher and the return was over 10 years, now its a no brainer.
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Soldato
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I am talking about houses from the last 20-25 years. Not the last few years.
Have you got a source for this marked change in Octopus costs as I havent seen any evidence of a massive change.
Just the same impact from the houses that work and those that need significant work.
I never heard of a single £100 one, a few in the high hundreds but most were in the £1000-1750 range which is still cheaper than a gas boiler replacement.
I've already had solar fitters round, doing quotes etc and providing numbers. The initial costs weren't worth it.
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8 years isn’t a long time and it’s 2 years less than average home ownership period.
You are also missing the point that solar actually adds value to a property in 2025.
A 4 bed house with negative energy bills is worth more than a 4 bed house with £2.5k/year energy bills.
Irrelevant, I could run an old banger if I wanted to run an old banger. You can get old bangers in EV forms as well.
The fact I drive an EV is almost irrelevant because nice ICE cars also depreciate material amounts of money also.
Soldato
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Only in Nashers world does some ****** old diesel commuter that if its suffering zero depreciation has probably well over 100k miles on it equate to a new EV.
Its amazing how the "real car fans" always want to drive old junkers.
Soldato
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Maybe listen to people that actually have solar, and how its massively reduced their bills.
My energy was negative for a good chunk of last summer and my system in relation to my usage isnt actually that large.
If we could all go back in time 8 years we would all make different decisions.
Its funny but if you speak to people to really understand and actually advise in regards investing they don't talk about getting in a time machine and going back 8 years
Why did you get solar people round when you know its not worth it.
Seems very odd behaviour.
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They've changed their quote system recently to offer a 'turbo' (high flow temp) install and an 'eco' install and prices are higher. Going by comments on some Octopus heat pump groups new quotes are now higher across the board and the proper lower flow temp install is a lot more expensive than it was.
Here is mine, last quote earlier this year was £4600, house is 1999 built so not far off your 20-25 mark.
