Nice. It is summer but at the moment you are making over £10 per day and you have no electric bill.
Can;t argue with that.
Indeed, the first full 24 hour period we made £14.
![Smile :) :)](/styles/default/xenforo/vbSmilies/Normal/smile.gif)
Nice. It is summer but at the moment you are making over £10 per day and you have no electric bill.
Can;t argue with that.
How hard would it be for someone to nick them?
It was only installed a few days ago, and so far it is producing around 25kWh a day. It cost just under £12k to install took the Electricians about 7 hours to do and given my location and size of installation the estimates are in the region of £1800-£1900 with 3603Kwh produced over the year, which is a conservative estimate.
Either way the £12k spent will earn more for me long term than leaving it a savings account, especially in the current climate. (pardon the pun)
Estimated return of £450 a year, and I'm not sure if its worth while, the guarantee will have finished by the time we reach profit.
Care to pass on the fitters details? 12k for a 4kw system seems to be quite reasonable, though perhaps some of that was down to it being easier to install than on a house roof.
My house faces south and I live just inside the southern M25 so it's not a bad position.
@Castiel,
How big and where is all the inverter stuff stored? Any chance of a photo? I was thinking about getting these on my roof... south facing and lots o' space on it... just a bit concerned as to how much attic space I would lose.
The gurantee is for 25 years. 25 x £450 = £11,250
£11,250 - £5,500 = £5,750
Not as great as the £30k profit on a 4kw array but still a profit.
Plus that savings is based on todays electric prices not what they might be in later years.
I looked at joining in the FIT thing as from the numbers alone it looks great. I could easily take out a 12k loan to cover the installation if it was to cost that much.
It would be more sensible to increase offshore wind to provide 20% of total supply, build new nuclear to provide the majority of base load and have gas turbines fill in the gaps between supply and demand when the wind fails.
Have a read of the Integral Fast Reactor
Exactly, that's the whole point. The different rates of FiT for different technologies and sizes are set such they they offer an attractive rate of return (around 7% I think). From the individual's point of view, it should be a no brainer.