Pay off a chunk of mortgage or invest in Solar PV?

thenudeone

Tobyemery wrote: »

Do you fit pv?

No. I have PV panels on my roof.

Hungerdunger

Tobyemery wrote: »

It's a con. Inverter breaks every 7 years, £800 to replace, you don't use much energy during the day anyway, they are looking at reducing the feed in tarrif. After 10 years they become 80% efficient.

You really don't know what you are talking about do you?

You can't make a blanket statement like that about the lifetime of an inverter. I'm sure some will fail after 7 years, while many others will carry on much longer. For people who worry about this it may be possible to take out extended warranties. The rest of us will hopefully have taken it into account in our projections.

How much energy you use during the day depends on your lifestyle, but in any case the main benefit of PV is the very generous FiT, not the saving in electricity.

They are looking to reduce the tariff for installations which are completed from April 2012, but for installations made before then the rate is guaranteed to be index-linked to the RPI for 25 years.

Efficiency: again another fact-free statement from you. My own panels are guaranteed for 90% efficiency for 10 years; 83% up to year 20, and 80% up to year 25, but hopefully their efficiency will be in excess of these figures. As technology is changing all the time, there is no way I can convince you that I will experience these efficiencies; but neither can you provide any evidence that I won't.