Solar Panel Guide Discussion

TrickyDicky101

I'm with keith on this point - payback calculations don't include timevalue of money. Agreed that this isn't the best way to analyse the return from solar, but it is one way. It is what it is.

zeupater

TrickyDicky101 wrote: »

I'm with keith on this point - payback calculations don't include timevalue of money. Agreed that this isn't the best way to analyse the return from solar, but it is one way. It is what it is.

Hi

I agree too, that's what the book definition says, but it's not the way I would have done it when managing £million(s) annual budget with complex capex justifications and I doubt that any serious money is spent in the private sector on a straight payback basis ..... payback and ROI based on TCO is what I'm used to and it would take a lot to convince me that what works on a professional basis shouldn't be applied to personal expenditure too.

If I was out shopping and saw something which wasn't too expensive which would save me money I would use a little mental arithmatic to calculate whether it was worthwhile buying and this would be on a straight payback basis (cost/saving.y) because it's easy and the exposure risk is low, but for something costing anything near pv price levels I'd certainly be a lot more careful.

Anyone is free to justify their own expenditure on whatever basis they prefer and it's entirely up to them .... all they should be aware of is that simplistic payback is well known to be a flawed methodology (a quick web search would confirm this) and therefore any calculated financial return information provided by the industry on this basis should be treated with caution, especially as it would vary considerably depending on how the particular installation is to be financed ....

HTH
Z

Cardew

I would add that the 'payback calculator' programs for PV take into account the cost of borrowing, or loss of interest.

Quite seriously, if you borrowed £10,000 @ 5% to buy a PV system that gave an income of £500pa would you calculate payback as 20 years?

[Deleted User]

I've had this discussion -sort of with my OH - as we are funding ours out of premium bonds. My head is spinning simply trying to get round the idea of how to work out our possible returns. (Our system is not installed for another fortnight).

insight101

Looking for sub £10K quotes (if possible) for
Suntech BlackPearl STP250S-20/Wd x 16 sunny boy 4000tl 4Kw
Hyundai HiS-S250MG x 16 sunny boy 4000tl 4Kw
Samsung LPC247SM-06 x 16 sunny boy 4000tl 3.96Kw

Any suggestions /recommendations for suppliers in Somerset.

keith_r59

Cardew wrote: »

Quite seriously, if you borrowed £10,000 @ 5% to buy a PV system that gave an income of £500pa would you calculate payback as 20 years?

No but then I don't believe that anyone has actually claimed that.

If you care to go back and read the original poster's comments where this question of a 'payback period' started you will find that there was never any mention of money being borrowed to fund the installation. That was something you added into the mix to try and add weight to the point you were trying to make.

As always, I will leave it up to the original poster to decide what he/she feels is the best way to determine the 'payback period' for their own personal circumstances.

KevinG

Deleted_User wrote: »

I've had this discussion -sort of with my OH - as we are funding ours out of premium bonds. My head is spinning simply trying to get round the idea of how to work out our possible returns. (Our system is not installed for another fortnight).

The notional interest rate on Premium Bonds is currently 1.5% - see http://www.moneysavingexpert.com/savings/premium-bonds but the effective interest rate is lower, about 1% on £10,000 of bonds, so if you want to factor in loss of interest, you could use this figure (but then again you could get more than 1% elsewhere).

mardycow

can anyone who has had an installation by Solar style ltd of Retford please confirm they are a bona fide company, i have signed with them but now having grave doubts. thanks

martin_aimless

Hyundai 250w panels - are they any good?

One supplier recommends for relative value and better quality than the Sharps that Tesco and others are offering as standard.

What's a reasonable price for a 4kw system?

thanks

Studlea_Phatt_Katt

mardycow wrote: »

can anyone who has had an installation by Solar style ltd of Retford please confirm they are a bona fide company, i have signed with them but now having grave doubts. thanks

Directors seem to be farmers and home improvements backgrounds. If it makes you feel any better, one of the Directors of Solar Style Ltd of Retford is Kevin McDonald OBE, although aged 73, is also a director of Crimestoppers, so one would hope he wouldn't condone anything dodgy!

SPK

*The Companies House unique ID for this individual is 909641355

The DOB registered at Companies House was 20/10/1933

SOLAR STYLE LIMITED
Established 03/05/2011 inShare
Companies house status: Active
Registration Date: 03/05/2011
Registration Type: Private Limited with share capital
Registration Number: 07620436
This company has not yet filed a description of their activities.

Directors:
Mr J.J. Corr
appointed 19 Jul 2011

Mr James Joseph Corr
Date of Birth: 1963/08
Postcode:
DN220QL

Mr K. McDonald
B. 1933
appointed 19 Jul 2011
also director of:
BAWTRY FARMS LIMITED 03443510
BAWTRY FARMS LIMITED
Established 02/10/1997 inShare
Companies house status: Active
Registration Date: 02/10/1997
Registration Type: Private Limited with share capital
Registration Number: 03443510
SIC classification code: 01110
SIC classification: Growing of cereals and other crops not elsewhere classified
Last filed accounts: 21/03/2011
Accounts type "Small".
Registered office address
SERLBY HALL,
SERLBY
BAWTRY
DN10 6BA

Current Officers
Mr Kevin McDonald OBE
Mr Brian Leesing
Ms Donna Brigitte McDonald

From the most recent set of accounts filed by BAWTRY FARMS LIMITED cash at bank in 2010 was: £561,904

2009 £731,043
2008 £1,098,500
2007 £1,187,712
2006 £705,986
2005 £677,978

Net Worth
From the most recent set of accounts filed by BAWTRY FARMS LIMITED their net worth in 2010 was: £4,937,380

CRIMESTOPPERS TRUST 05382856

CRIMESTOPPERS TRUST
Established 04/03/2005
inShare
Company Information Summary

Companies house status: Active

Registration Date: 04/03/2005
Registration Type: Private company limited by guarantee without share capital claiming exemption under Section 30 of the act
Registration Number: 05382856

SIC classification code: 7524
SIC classification: PUBLIC SECURITY, LAW & ORDER ACTIVITIES

Last filed accounts: 13/12/2010
Accounts type "Group".

Registered office address
2-6 CANNON STREET,
LONDON

EC4M 6YH


Current Officers

Dr David Hammond
Mr Richard Arthur Gamble
Mr Robert Stephen Rubin Obe
Mr Zameer Mohammed Choudrey
Lord Michael Anthony Ashcroft
Mr William Ian Griffiths Cbe, Bem, Qpm
Mr Nicholas Ross
Mr Malcolm Scott
Mr Peter John Michael Clarke
Mr Vivian Robinson
Mrs Ceris Mary Gardner
Ms Angela Elizabeth Entwistle
Ms Amanda Jane Platell
Lord Peter Imbert Qpm, Dl
Mr Kevin McDonald OBE
Sir Ronnie Flanagan Gbe
Mr Robert Avisson Scott
Lord Waheed Alli

Cash at Bank

Cash at bank is the bank balance at a point in time the accounts were completed.

From the most recent set of accounts filed by CRIMESTOPPERS TRUST cash at bank in 2009 was:

£2,252,423


2009 £2,252,423
2008 £1,817,205
2007 £1,584,459
2006 £1,159,035

Net Worth

A company’s Net Worth is calculated as Shareholders Funds minus Intangible Assets.

From the most recent set of accounts filed by CRIMESTOPPERS TRUST their net worth in 2009 was:

£2,022,098


FULLEX LOCKS LIMITED 04549025
GAMSTON AVIATION LIMITED 01336063
KIJ SECURITY LOCKS LIMITED 06259976
SERLBY QUARRY LIMITED 06201562
TORNE VALLEY LIMITED 01057235
Mr C.M. Roberts
appointed 19 Jul 2011
also director of:
HARRISON ROBERTS LIMITED 05317323
REAL DIY LIMITED 01980446
REAL PROPERTIES (DONCASTER) LIMITED 04263437
RETFORD HOME IMPROVEMENTS LIMITED 07475593