fp
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Post by fp on Aug 8, 2016 9:14:57 GMT
Its ok discussing revenue on established systems of 3 or 4 years, but these are benefiting from feed in tariff, it would be interesting to see how those numbers compared if this benefit was removed from those figures?
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jonno
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Post by jonno on Aug 8, 2016 9:54:09 GMT
Its ok discussing revenue on established systems of 3 or 4 years, but these are benefiting from feed in tariff, it would be interesting to see how those numbers compared if this benefit was removed from those figures? Quite agree,which is why I included my current FIT rate. However it is useful to understand the average output of varying systems in order to understand the equation at current FIT rates. My system has consistently produced around 3500kw per year in this climate; I don't know what current installation costs are like and whether new systems are materially more efficient, but at least it gives an indication of the kind of output you might expect from a 4kw system in a not particularly favourable geographical location.
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fp
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Post by fp on Aug 8, 2016 10:18:28 GMT
Its ok discussing revenue on established systems of 3 or 4 years, but these are benefiting from feed in tariff, it would be interesting to see how those numbers compared if this benefit was removed from those figures? Quite agree,which is why I included my current FIT rate. However it is useful to understand the average output of varying systems in order to understand the equation at current FIT rates. My system has consistently produced around 3500kw per year in this climate; I don't know what current installation costs are like and whether new systems are materially more efficient, but at least it gives an indication of the kind of output you might expect from a 4kw system in a not particularly favourable geographical location. Hi jonnoIf you were to remove the benefit of the FIT from the £700, what would that figure then look like? I ask as I have 4 large roofs at work, a large monthly electricity bill and a hefty surplus of cash, so these are a consideration for me too
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jonno
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Post by jonno on Aug 8, 2016 10:45:52 GMT
Quite agree,which is why I included my current FIT rate. However it is useful to understand the average output of varying systems in order to understand the equation at current FIT rates. My system has consistently produced around 3500kw per year in this climate; I don't know what current installation costs are like and whether new systems are materially more efficient, but at least it gives an indication of the kind of output you might expect from a 4kw system in a not particularly favourable geographical location. Hi jonno If you were to remove the benefit of the FIT from the £700, what would that figure then look like? I ask as I have 4 large roofs at work, a large monthly electricity bill and a hefty surplus of cash, so these are a consideration for me too Mmm good question.
Well I guess that if you removed the FIT altogether, then the residual benefit would be the sale of unused electricity back to the grid, plus the utilisation of your own production. I reckon it would reduce the overall benefit to around £350 per year, i.e. £250 from reduced useage plus around £100 from feed-in. I'll dig out some of my statements, and if I've got this wrong I'll revert.(The "Sale back" arrangement is currently done on a pro rata basis, but this is likely to change following the roll-out of Smart Meters).
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registerme
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Post by registerme on Aug 8, 2016 10:51:30 GMT
I had a 2kw/h system installed by EDF back in 2012. It cost about £8500 to install and yields about £850 / year (including savings on electricity bills). I was lucky though, I got the old FiT of 43.5p. Installation costs have plummeted since then. Mine should have paid for itself by the end of 2022 .
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Steerpike
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Post by Steerpike on Aug 8, 2016 11:12:25 GMT
Interested to hear of reduced energy bills, I have not tried to work out how much I have saved and just look at the FIT income as my return.
I wonder if others use some form of metering to measure energy savings?
Regarding Smart meters, I wonder if these do indeed signal the end of deemed exports and if so perhaps the rate paid will be more like the retail cost of electricity instead of the current pittance. Currently this disparity makes it more attractive to install storage batteries.
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jonno
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Post by jonno on Aug 8, 2016 11:43:02 GMT
Hi fp . I've looked at my statements and my estimate for the Export Tariff wasn't bad. At the current measly rate of 4.91p/kwh, it is producing an income of about £86 per year.
For info, the way my Export Tariff is calculated is based on the assumption that half of my production is exported and bought at that measly rate above.So, the more of your own production you can use the better as you're still being paid for the export of half. But it is a bit galling that I have to pay nearly 10p/kwh for my leccy from my supplier.
Hope this helps.
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Post by Deleted on Aug 8, 2016 12:23:35 GMT
Osborne couldn't cut them because David C was walking around green washing everything.
Yes the rent your roof space was taken over by councils and the double glazing salesmen.
I actually have a place in my heart for Nuclear, but the subsidies are through the roof for that technology.
What is failing to get sufficient subsidy is energy storage
Factories with solar, if you drive around Keighley where we have a lot of short flat factories they all seem to have new solar on them. "renewable obligations" are being replaced by something new but certainly there is a big op there at certain sizes.
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nush
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Post by nush on Aug 9, 2016 8:27:27 GMT
we had ours installed in 2011 and got the better tariff, the system we have is 3.75kw because the installers hung the rails in the wrong place, that said we regularly generate well above 4kw, the system has reduced our e bill massively, i think in the early days we calculated our ROI at about 20% but later had to revise it to nearer to 28%, haven't checked for a long time as the system has paid for itself long ago. our roof faces south. we have never had to change our inverter but it had a 10 year warranty so it should be fine (i think).
i dont know what the tariff is now but i would do it again even without the tariff only difference is i would install it myself and just get it checked by an electrician as all parts are now plug and play.
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shimself
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Post by shimself on Aug 9, 2016 15:28:13 GMT
We had it done 5 years ago, and we are now in profit (FIT rate appx 45p). Our inverter was replaced under warranty- I have the impression that inverters are still pricey, wheras panels are way cheaper than they used to be.
The case nowadays isn't anything like as strong
Personally I think what government should do is insist all appropriate new build has it automatically, then it just becomes standard, no retrofit hassle, no paying for door to door sales people and commission depending on overpricing etc, just simple building spec stuff. On a house say 10 panels at erm £100, inverter trade price erm £300?, wire and stuff, total £1500, less a bit of roofing, not sure which is quicker to fit. 2K tops anyway, maybe less. (No expertise claimed, just seat of pants)
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Post by GSV3MIaC on Aug 9, 2016 16:56:29 GMT
Regarding Smart meters, I wonder if these do indeed signal the end of deemed exports and if so perhaps the rate paid will be more like the retail cost of electricity instead of the current pittance. Currently this disparity makes it more attractive to install storage batteries. Current 'smart meters' can't cope with feed-in, aiui, and my local e-co won't even install one if you have solar PV. Maybe future generations will do better, but I expect the 'assumed 50%' will be around for a while.
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Post by chielamangus on Aug 9, 2016 18:52:12 GMT
Well the destruction of the Green Deal and an ex-chancellor who does not believe in global warming didn't help. And yet the renewable feed-in tariffs only started a month before that ex-chancellor took over, six years ago (and the Renewable Heat Initiative was introduced 18mo in to that tenure). If Osborne had really wanted to squish 'em, that would have been the time. Seems to me that the real reason they've been cut is precisely because the installation costs have fallen so much - the break-even has stayed somewhere around the same, which is the whole point of subsidising developing technologies, isn't it? They should never have been allowed to be seen as a nice little investment for the comfortably-off. Many of the "free install" roof-lease schemes collapsed because the potential customers realised they were a bit of a scam, rather than because of changing legislation. Golly, adrianc, I think we're thinking on the same lines for a change! All these green subsidies were just transfers from the less well off to the educated middle classes who had the capital to invest and the understanding of the returns to be made. Even worse, these same middle classes smugly made out THEY were doing something for the planet. They are only "doing something for the planet" when they personally pay the full cost of whatever the investment is and take market returns. I accept that new technologies have to be given a helping hand sometimes, but this should have come from general taxation not increased electricity cost per unit which is regressive. And there should have been a limit on these subsidies for anyone over a household income threshold. Perhaps that is why GO kept the subsidies going - to keep his potential core vote sweet.
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registerme
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Post by registerme on Aug 10, 2016 5:28:47 GMT
Blimey, that makes three of us in agreement . Personally I think they could have a) kick started the industry, b) increased our use of renewables, c) cut taxes / increased spending and d) not given well off people even more money by simply covering every appropriate government / council building in the country with solar pv. Though it didn't stop me investing in it and benefiting from it....
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Steerpike
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Post by Steerpike on Aug 10, 2016 6:55:53 GMT
Regarding Smart meters, I wonder if these do indeed signal the end of deemed exports and if so perhaps the rate paid will be more like the retail cost of electricity instead of the current pittance. Currently this disparity makes it more attractive to install storage batteries. Current 'smart meters' can't cope with feed-in, aiui, and my local e-co won't even install one if you have solar PV. Maybe future generations will do better, but I expect the 'assumed 50%' will be around for a while. Yes, it is the unknown "while" that makes it harder to decide if battery storage will ever pay for itself. I think that the domestic FIT subsidy has worked very well, it was always envisaged that it would reduce as panels became cheaper, I believe that the model was copied from Germany. My primary reason for installing solar panels was the return on investment and I have never suggested otherwise, however, I do pay about 20% more for domestic electricity because I selected a tariff that is supplied from 100% renewable energy sources. I think that (very) local power generation and storage are jolly good things and I agree with an earlier posting that proposed that all new builds should by law have built in power generation and storage, and extensive rainwater storage if they have a garden. Oh, and in my opinion probably the only way to encourage folk to reduce their use of environment damaging hydrocarbons is by taxing the user.
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adrianc
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Post by adrianc on Aug 10, 2016 7:26:31 GMT
Though it didn't stop me investing in it and benefiting from it.... The only thing that stopped us was the small detail that the full FIT wasn't available below a certain EPC band - and our house (c.1700 with a modern-but-trad extension), despite being incredibly well insulated, didn't meet that band - presumably because the assessor couldn't actually get to all the insulation to lick it. Hey-ho. We've got solar HW, which works beautifully, and saves us using the relatively expensive gas-in-a-tank to heat water.
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