keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,587
Likes: 2,621
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Post by keitha on Aug 23, 2023 16:17:23 GMT
I had my system 4.2kW Solar with a 3.6kW inverter and 5.2kW battery installed in September 2019,
Since then I have spent £460 on Electricity ( plus standing charges), for 4100kWh of Electricity Imported, 11.2p
I have been paid £1650 for export of 8900kWh 18.5p
I have used 6760 kWh in the same time scale
The way I use my system has changed over time, initially it was use as much of my generation as possible to avoid import. that changed last year when I could export for more than I was paying to import even allowing for the charge discharge loses.
so if I assume my usage would cost the same as my average import ie 11.2p
Usage 6760
import 4100
2660 Free @11.2P £298
If we assume even usage and 20/21 @ 14p kWh for electricity and 22/23 @ 30P then
3300 @ 14P = £462, 3460 @ 30p 1038 total £1500 ( LOL no I didn't fiddle the figures to get that)
£1,500 - £460 = £1040 add the export value £1650 £2690 ( This isn't a bad estimate as my daily calculation come at £2,908)
£2690 in 47 months = £57.23 a month
this gives a break even of just under 12 years.
Looking just at this year £586 of export, £223 cost, without solar £350 cost so the value of the system is £713 in a fraction under 8 months. again my calculated value is £760
My setup is very sub optimal with the roof East West rather than optimal North South
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Post by crabbyoldgit on Aug 23, 2023 16:42:42 GMT
I am on one of the fit rates and calculated at the 8 year mark had been payed the £7000 the 4 kw system cost me. The free electric I used in that time was profit.
My installation is split 2 kw SE and 2kw SW it works very well for us as at this time of year we off grid from 0700 till about 2000 except for a bit of import at 1700 to heat up the oven and the odd kettle burst. Now into straight profit ,payed about £1000 a year fit plus using home generated electricity. Better than p to p considering the now known risks
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Post by Ace on Aug 23, 2023 20:17:25 GMT
I paid £9,474 for my 3.68kW system in Feb 2012.
So far I've received £18,603 in FIT payments alone. Ignoring the free electricity, that works out at 12.84% XIRR. With 14 more years of index linked FIT payments that should continue to rise. Undoubtedly, one of my very best investments decisions.
My only P2P platforms to beat that return are:
Qardus at 17.94% XIRR (also the only platform to beat solar for absolute profit).
Mintos euro account at 14.91% XIRR (but no longer available for UK citizens, and a fairly small absolute profit).
Kuflink at 13.53% XIRR (but not sustainable as half the profit is from referrals, which are no longer available).
Connective Lending at 13.35% XIRR (but no longer available).
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Post by Ace on Aug 25, 2023 12:17:45 GMT
I paid £9,474 for my 3.68kW system in Feb 2012. So far I've received £18,603 in FIT payments alone. Ignoring the free electricity, that works out at 12.84% XIRR. With 14 more years of index linked FIT payments that should continue to rise. Undoubtedly, one of my very best investments decisions. My only P2P platforms to beat that return are: Qardus at 17.94% XIRR (also the only platform to beat solar for absolute profit). Mintos euro account at 14.91% XIRR (but no longer available for UK citizens, and a fairly small absolute profit). Kuflink at 13.53% XIRR (but not sustainable as half the profit is from referrals, which are no longer available). Connective Lending at 13.35% XIRR (but no longer available). Having received my first two repayments from CPCapital this week, it now also beats my solar. CPC XIRR is now 13.33%.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,587
Likes: 2,621
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Post by keitha on Aug 25, 2023 21:25:35 GMT
Cornwall insight say prices will remain around where they are now until the end of the decade.
So I went back 1 year over a year my Bill is a credit of nearly £300.
so the value of the panels is £300 plus £600 for usage I've had for free. £900, £900 a year return on a £7500 investment is pretty decent.
Looking at RIPPLE and how I wish I was in the first windfarm that is Paying 27P kWh this year. My £2,200 investment would return around £950, as it is I think £400 is more likely next year from Kirk Hill
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benaj
Member of DD Central
N/A
Posts: 5,608 
Likes: 1,738
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Post by benaj on Sept 2, 2023 7:12:55 GMT
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,587
Likes: 2,621
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Post by keitha on Sept 3, 2023 9:46:33 GMT
Have to say some some councils better than others. I can remember we had a hospitality book in which everything given was recorded, It was queried, and senior management said as little as a "cup of tea and a biscuit" had to be entered that was changed PDQ when all the IT install and support techs, and social workers all started to record 2 or 3 "gifts" per day. Suppliers did attempt some pretty blatant stuff though, one company wanted us to asses their PC's and gave 2 of the team a PC they could assess and then keep ( nope we insisted on sending them back )
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benaj
Member of DD Central
N/A
Posts: 5,608
Likes: 1,738
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Post by benaj on Sept 3, 2023 14:42:07 GMT
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,587
Likes: 2,621
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Post by keitha on Sept 4, 2023 10:02:05 GMT
Ouch just looked up my "well run council" on that list in excess of £1,000 per resident
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registerme
Member of DD Central
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Post by registerme on Sept 4, 2023 14:21:38 GMT
My panels went up in 2011, but, annoyingly and stupidly, I didn't keep any records until June 2017.
Since June 2017, and including the Q3 payment that arrived today, they've paid me £6416.64. Given the index linking of payments I think an estimate for the previous six years of ~£4000 wouldn't be that far off, so let's call it £10400 over twelve years.
They cost £8650 to install.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,587
Likes: 2,621
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Post by keitha on Sept 4, 2023 15:51:10 GMT
My panels went up in 2011, but, annoyingly and stupidly, I didn't keep any records until June 2017. Since June 2017, and including the Q3 payment that arrived today, they've paid me £6416.64. Given the index linking of payments I think an estimate for the previous six years of ~£4000 wouldn't be that far off, so let's call it £10400 over twelve years. They cost £8650 to install. and you probably had another £2-3,000 of free electricity you have self consumed
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