solar pv feed in tariffs help

celerity

86coz wrote: »

so if i go with a quote i have £9.2k then if nothing goes wrong or breaks down in the next 10 years i could be all square _party_

It would be nice to think that - but really you can't just write off the £9.2K initial investment - after ten years that could easily be worth £12-£14K depending on how you invest it.

/\dam

86coz

celerity wrote: »

It would be nice to think that - but really you can't just write off the £9.2K initial investment - after ten years that could easily be worth £12-£14K depending on how you invest it.

/\dam

yer suppose so,but that is how i will look at it.

i have a 5 year bond ready to mature and that was a min 20% and was linked to the ftse 100 so could have been good but seen that the market has been so poor its the min 20% ontop.

7.5k invested +20%=9k,profit 1.5k-20% tax =1.2k, 1.2k over 5 years=240 a year or 20 quid a mounth...jahoover what a waste of time:mad: bring on the solar panels:rotfl:

celerity

86coz wrote: »

yer suppose so,but that is how i will look at it.

I'm expecting a certain Mr Cardew to have an opinion on this point of view .

/\dam

bjohnson

If I only had £10,000 savings I certainly wouldn't put it all on solar panels, but I look at it as part of diversification. I have ISAs, bank accounts, shares, bonds, premium bonds and now solar panels. You have to hope that they will all average out OK.

[Deleted User]

our array is 2.3kwp and we are in a perfect south facing position, in sw with no shade. We are just coming up to a full year and my estimate of payments is a total of £700

Cardew

86coz wrote: »

yer suppose so,but that is how i will look at it.

i have a 5 year bond ready to mature and that was a min 20% and was linked to the ftse 100 so could have been good but seen that the market has been so poor its the min 20% ontop.

7.5k invested +20%=9k,profit 1.5k-20% tax =1.2k, 1.2k over 5 years=240 a year or 20 quid a mounth...jahoover what a waste of time:mad: bring on the solar panels:rotfl:

As celerity said - I have a view on the above;)

The difference was that throughout that investment period you still had the capital sum of £7.5k 'in the bank'. In fact to make 20% over 5 years is not bad!

The difference with a PV system is that whatever you 'invest' sits on the roof, and in your loft, and you don't have access to that capital.

I most certainly am not saying that it is a poor investment and in the long term it will probably be an excellent investment.

Supposing that an investment scheme was introduced where you gave a firm £10k with absolutely no access to that £10k ever. Then each year they gave you back some of that money - say £800 to £1,000 and after 10 -12 years you would have got back all the £10k (and the interest it would have gained) you gave them in the first place and then started to make a profit.

I wonder how many takers there would be for such a scheme?

keith_r59

Cardew wrote: »

Supposing that an investment scheme was introduced where you gave a firm £10k with absolutely no access to that £10k ever. Then each year they gave you back some of that money - say £800 to £1,000 and after 10 -12 years you would have got back all the £10k (and the interest it would have gained) you gave them in the first place and then started to make a profit.

I wonder how many takers there would be for such a scheme?

Anyone who takes out a Pension Annuity maybe?

Cardew

keith_r59 wrote: »

Anyone who takes out a Pension Annuity maybe?

Agreed, I have argued in many threads that the financial approach to buying a PV system should be that it treated like an annuity.

Of course many people heartily dislike having to put their pension pot into an annuity, and the rules have recently been relaxed.

malch

kittie wrote: »

our array is 2.3kwp and we are in a perfect south facing position, in sw with no shade. We are just coming up to a full year and my estimate of payments is a total of £700

Kittie
I am a bit surprised about your estimate. I have 2.2Kwp system 15 degrees to the west of south no shade, and in my first quarter ( from 16th march - 16 June )I have accumulated a FITs payment of £406 I was seriously hoping to do more than £300 in the next 9 months even taking into account the winter months

Cardew

malch wrote: »

Kittie
I am a bit surprised about your estimate. I have 2.2Kwp system 15 degrees to the west of south no shade, and in my first quarter ( from 16th march - 16 June )I have accumulated a FITs payment of £406 I was seriously hoping to do more than £300 in the next 9 months even taking into account the winter months

From what I understand from kittie's post, she lives in the South West and her roof has the ideal orientation.

To have an annual income of £700 that means a generated total of around 1,635kWh which for a 2.3kWp system is extremely low - approx 711kWh per kWp.

That is what you would expect if located in Northern Scotland; in the SW I would have expected well above 2,000kWh and an income of around £1,000